Accountancy, asked by atifansari, 1 year ago

voluntary retirement compensation is abnormal loss or profit

Answers

Answered by Sidyandex
22
Voluntary retirement is the form of retirement that takes place prior to the actual age of retirement, i.e., 60 years.

It takes place due to certain causes like poor health, a weird condition of the company and many more.

If inferred in detail, it is an abnormal loss.


The reason is that though you will be getting your entire money in bulk, you will not be able to manage it properly.

In a regular income, it is possible to plan your expenditure at the best.
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