The interview is taken to understand employee better. The stay interview is an opportunity to build trust with employees and to assess the degree of employee satisfaction and engagement that exists in a department or company. For employers – not …
Exit Interview is an interview held with an employee who is leaving the organization voluntarily. Purpose- It is to find out the reasons why the employee is leaving and/or to provide counselling and assistance in finding a new job. It …
This involves not hiring new employees for a certain period. A hiring freeze is when a company suddenly stops hiring new employees to fill company positions. A company might continue to hire new employees for roles deemed essential, but all …
It refers to terminating the service of an employee by way of punishment for misconduct or unsatisfactory performance. Unsatisfactory performance includes persistent failure of the employee to perform his job to the specified standards. Misconduct means willful violation of rules …
It is the permanent termination of an employee’s service for economic reasons in a going concern. It is termination due to the redundancy of the workforce. It is a business strategy to reduce the company’s expenses.
Received cheque as full payment from Rajani Enterprises and deposited same day into the bank Analysis of transaction : Increase assets (Bank) on the one hand and decreases assets (Rajani Enterprises as debtors) on the other hand. Increase in assets …
Paid the monthly store rent ₹2,500 in cash Analysis of transaction : decreases capital thus, are recorded as debits. Credit cash to record a decrease in assets.
Goods costing ₹25,000 sold to Rajani Enterprises for ₹35,000. Analysis of transaction: This transaction increases sales (Revenue) and increases assets (Rajani Enterprises as debtors). Increases in assets are debited and increases in revenue are credited. JournalCredit to Sales account and …
Goods purchased from Sumit Traders for ₹ 55,000 Analysis of transaction : This transaction increases purchases (expenses) and increases liabilities (M/s Sumit Traders as creditors) by ₹ 55,000. Increases in expenses are debited and Increases in liabilities are credited. Journal- …