Describe the preparation of payroll in a factory, Accounting Basics

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Describe the preparation of payroll in a factory

Questions:

1. Discuss the various incentive schemes, their merits and demerits.

2. Discuss the various bonus systems.

3. What is profit sharing? How is it different from co-partnership?

4. What is idle time? Give its treatment in cost accounts.

5. Write short notes on:

(a) Labour turnover
(b) Idle time
(c) Overtime
(d) Casual workers
(e) Site workers.

6. Describe the preparation of payroll in a factory. What precautions will you take at the time of paying wages?

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Accounting Basics: Describe the preparation of payroll in a factory

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Accounting Basics: Describe the preparation of payroll in a factory

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