Which of the following is not included in the head employee benefit expenses?
Options:
Salary
Wages
Leave encashment
None of the above
Correct Answer:
None of the above
Explanation:
The correct answer is option 4- None of the above.
As per Schedule III of Companies Act 2013, expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc., are shown under the head employee benefit expenses. Employees benefit expenses may be further categorised into direct and indirect expenses.
