Categorizing People According to Their Salary into Various Departments of an Organization

question 36

True/False

Categorizing people according to their salary into various departments of an organization is known as organizing.

---

Definitions:

Revaluation Increment

An increase in the book value of an asset to reflect its fair value, often recognized during asset revaluation processes.

Depreciation Charges

Expenses recorded to allocate the cost of tangible assets over their useful lives, reflecting wear and tear, deterioration, or obsolescence.

Tax Effect Adjustments

Accounting adjustments made to reflect the tax implications of transactions, ensuring that financial statements accurately portray the net impact of taxes.