No Tags Found!


sachdeva1208
2

According to Labour laws there is no difference between wages and salary.
But as per accounting treatment difference is as follows:
Payment given to those employee who involved in direct manufacturing process (e.g. operator, foreman, supervision in factory, helper, etc) in factory workshop, called wages and payment given to those employee who don't involved in manufacturing process (e.g. accountant, cashier, office in-charge, HR department, etc) called salary.

From India, Delhi
dubeymanita
Can anybody tell me anythng related to salay what r break ups nd calculation related to it
From India, Delhi
MADAN MOHAN VERMA
1

Hi shahibala wages is a basic + da salary is a gross amount. but i am searching the same on google in the detils.. Whenever i will get it in details i will tell you.
From India, New Delhi
smbhappy
51

Wages are the direct expenses which can be attributed directly to the manufacturing/trading/services provided, while working out the cost of the manufacturing/trading/services provided.
Whereas the Salaries are the indirect expenses and included in the overheads, while working out the selling price of the manufacturing/trading/services provided.
These differentiation has been made purely for the purpose of accounting, to show different expenses in the 'Manufacturing', 'Trading' and 'Profit and Loss' Accounts.

From India, Chandigarh
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.