what is ex-gratia to employees
Answer / sheshank dubey
A sum of money paid when there was no obligation or liability to pay it. For example, a lump sum payment over and above the pension benefits of a retiring employee. In insurance claims, it may take the form of payment for which the insurer did not appear to be liable. Ex gratia is Latin for "out of goodwilll." Also called ex gratia settlement.
Is This Answer Correct ? | 0 Yes | 1 No |
In accounting, are assets a permanent account?
Tell me entries to revenues accounts such as service revenues are usually?
what is the difference in direct expenses and indirect expenses?
What is the rate of claiming Input service tax i.e 20% or 100% o
on what rate depreciation will be calculated?
if a company has opened its new branch in delhi ,so while preparing Balance sheet for that company we will be preparing depreciation chart. So i want to know whether depreciation chart should be prepared as per IT Act or Companies Act?
Explain what does the standard journal entry includes?
What are the functions of manger -accounts and manager-finance?
A sold a product for 20% profit to B, B sold for 10 % loss for 230. 1, What is sale price of A 2, if A have sold for 500 what is profit % Please explain step by step.
in accounting process there is summerizing. what is sumarizing? and an relevant example of summarizing?
difference between stock and share
Which Entries Or Transactions Are Entered In Journal Voucher?