Target Exam

CUET

Subject

-- Accountancy Part C

Chapter

Use of Spreadsheet in Business Applications

Question:

How is the Net Salary (NS) of an employee determined?

Options:

NS = BPE + PF + TDS

NS = TE - TD

NS = TE + TD

NS = BPE - Allowances

Correct Answer:

NS = TE - TD

Explanation:

The correct answer is option 2-  NS = TE - TD.

The Net Salary (NS) is the amount payable to an employee. It is obtained by deducting Total Deductions (TD) from Total Earnings (TE) as given below :
Net Salary (NS) = Total Earnings (TE) – Total Deductions (TD)