Match List-I with List-II
List-I List-II (A) Provident Fund (PF) (I) Net Salary (B) Compensation for erosion in the purchasing power of wage earner due to price rise (II) Statutory Deductions (C) Total Earnings (TE) – Total Deductions (TD) (III) DA (D) Spreadsheet application to calculate pay (IV) Payroll Accounting
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Provident Fund (PF) | (I) Net Salary |
| (B) Compensation for erosion in the purchasing power of wage earner due to price rise | (II) Statutory Deductions |
| (C) Total Earnings (TE) – Total Deductions (TD) | (III) DA |
| (D) Spreadsheet application to calculate pay | (IV) Payroll Accounting |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 2
Provident Fund is a statutory deduction; dearness allowance compensates for the rise in prices; total earnings less total deductions gives net salary; and the spreadsheet application used to compute pay is payroll accounting.
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