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easyMCQCUET Accountancy 2025 22 May Shift 22026Accountancy
1 mark

Employee benefit Expenses do not include:

  1. A
    Salary and wages in Kind
  2. B
    Leave encashment
  3. C
    Interest paid on Deposit
  4. D
    Staff welfare expenses

Solution & Step-by-step Explanation

Under Schedule III of the Companies Act, 2013, Employee Benefit Expenses consist of expenditures incurred explicitly on personnel or staff members (e.g., salaries, wages, staff welfare, leave encashment).Interest paid on deposits is categorized as a borrowing cost and is presented under Finance Costs, not employee benefits.

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Employee benefit Expenses do not include:
A
Salary and wages in Kind
B
Leave encashment
C
Interest paid on Deposit
D
Staff welfare expenses

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