16/04/0916/04/09Sugandha AgarwalSugandha Agarwal22
Concept of Concept of compensationcompensation
Compensation may be defined asCompensation may be defined asmoney received for the servicesmoney received for the servicesrendered.rendered.
It includesIt includesDirect CompensationDirect Compensation++Indirect CompensationIndirect Compensation
For employers it is a part of cost of For employers it is a part of cost of production.production.