✨Define Human Resource Accounting???
guys pls correct answer。◕‿◕。。◕‿◕。。◕‿◕。
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ANSWER:
Human Resource Accounting (HRA) is the process of identifying, and reporting investments made in the human resources of an organization that are presently unaccounted for in the conventional accounting practice. It is an extension of standard accounting principles. Measuring the value of the human resources can assist organizations in accurately documenting their assets. In other words, human resource accounting is a process of measuring the cost incurred by the organisation to recruit, select, train, and develop human assets.
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Human Resource Accounting is the process of identifying, and reporting investments made in the human resources of an organization that are presently unaccounted for in the conventional accounting practice. It is an extension of standard accounting principles。◕‿◕。。◕‿◕。。◕‿◕。