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_____ sub system deals with payment of wages and salary to employees. |
Fixed Assets Accounting Purchase and Accounts Payable Pay Roll Accounting Inventory |
Pay Roll Accounting |
The correct answer is Option (3) → Pay Roll Accounting PAYROLL ACCOUNTING SUB-SYSTEM: It deals with payment of wages and salary to employees. A typical wage report details information about basic pay, dearness allowance, and other allowances and deductions from salary and wages on account of provident fund, taxes, loans, advances and other charges. The system generates reports about wage bill, overtime payment and payment on account of leave encashment, etc. |
