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Match List-I with List-II

List-IList-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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