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treatment of wages
Companu had paid wages to there laboures, which works in the factory of the company. Whether it should be shown under the head of employees benefit expense or other direct manufacturing expense.
Replies (3)
To be treated as Manufacturing expenses.
@ Mr. HARSH YADAV.,
Are You mean Labourers as Wages or Contract Labours...?
Are You mean Labourers as Wages or Contract Labours...?
But as per Companies act 2013 we will group it as employee benefits and the same expenses will be included as cost of conversion for valuation of inventory as per AS 2. Wages for contract employees will be treated as contract charges, grouped under other expenses as per schedule III.
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