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Eduncle posted an MCQ
October 18, 2019 • 16:07 pm 0 points
  • UGC NET
  • Human Resource Management

According to which of the following methods of human resource accounting present value of future earning of human resources is taken into account ?

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  • K srikanth

    Economic value method- Under this method value of a human resource is calculated on the basis of the contribution made by the employees in the organization till their retirement

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    Eduncle Best Answer

    Human resource accounting is accounting for people as an organizational resource. It involves measuring the costs incurred by business firms and other organizations to recruit, select, hire, train and develop human assets. It also involves measuring the economic value of people to the organization.

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