How is the Net Salary (NS) of an employee determined in automated payroll accounting? - Accountancy MCQ CUET Accountancy 2025 3 June Shift 2 2026 | ExamTest.live | ExamTest.live

Home Tests Search Rank Profile

easyMCQCUET Accountancy 2025 3 June Shift 22026Accountancy

1 mark

How is the Net Salary (NS) of an employee determined in automated payroll accounting?

A $NS = BPE + PF + TDS$
B $NS = Total Earnings (TE) - Total Deductions (TD)$
C $NS = TE + TD$
D $NS = BPE - Allowances$

Solution & Step-by-step Explanation

Net Salary represents the actual take-home pay of an employee. It is calculated by subtracting Total Deductions (TD) like PF and TDS from Total Earnings (TE) which include basic pay and allowances. Net Salary = Total Earnings (TE) - Total Deductions (TD)

Practice this question

Try it yourself before checking the explanation above.

How is the Net Salary (NS) of an employee determined in automated payroll accounting?

A

NS = BPE + PF + TDS

B

NS = Total Earnings (TE) - Total Deductions (TD)

C

NS = TE + TD

D

NS = BPE - Allowances

Share This Question

Computerised Accounting Spreadsheet Payroll calculations

Related Questions

Which one of the following statements is true?

Which of the following statements is not correct?

Which one of the following statements is correct?

The product formed by the reaction of an aldehyde with a primary amine is:

Which part of the tobacco plant is infected by Meloidogyne incognita?

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse Tests Leaderboard

Discussion