what is ex-gratia to employees
- 1 Answers
- 4096 Views
- Chartered Accountant, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
Tell me what is tally accounting?
SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes
Tell me what are the key tasks for account executive?
Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?
What are the accounting events that are frequently involved in compound entries?
Tell us did you use accounting applications at your previous companies or prefer working manually?
Tell us why did you select accounting as your profession?
