what is ex-gratia to employees
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
Role-specific management accountant job interview questions:
What is bad debt expense?
credit card expenses entry kisme pass karenge
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
how to caluclate tds from emloyees and others
What is accounting transaction?
what is the entry for toll gate fee
What is general entries for Deffered Tax?
what do you mean by Firm
What is BRS Adjustment entry?
how to calculate forefeiture of share when over subcription
Have you ever heard about tds, what it is?
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
What is normative accounting?