Question

In: Accounting

Question 1 1. Mr. Hilal joined bank Muscat in the IT department on the 20thof March...


Question 1

1. Mr. Hilal joined bank Muscat in the IT department on the 20thof March 2002. As per the agreement with the employer, he is promised a starting basic pay of OMR 650 per month along with other allowances. His gross starting salary adding all allowances amounts to OMR 750. As per the terms and conditions in the contract, he is entitled for an increment (increment added to basic salary) after the completion of one year service.  He retired from service on 15th March 2020 when he was drawing a gross salary of OMR 1850 including all allowances OMR 350.

a) You are required to calculate the gratuity payable to Mr. Hilal.          (5 Marks)

2. Mr. Ahmed Mohammed an expatriate joined as a doctor inone of the leading hospitals in Oman on 22nd June 2017. As per the labor contract he is entitled for a basic salary of RO.800 plus other allowances. His gross starting salary is worked out RO. 1250. On 4th April 2020, he submitted his resignation with sufficient notice period complaining against the employer not providing the safety and security equipment as he is given duty in the Covid 19 department of the hospital. Mr. Ahmed Mohammed asked the company to pay him his service benefits including gratuity for the period of his service. Company refused to pay him gratuity saying that the employee did not complete the tenure of the agreement.

a) Is he entitled for gratuity? If yes, calculate the amount of gratuity and the Article in the Labor Law which guarantees retirement benefits under such circumstances.
b) If not, give reason and the Article NO. In the Labor Laws which prohibits payment of service benefits under certain circumstances.        (5 Marks)

Solutions

Expert Solution


Related Solutions

Mr. Hilal joined bank Muscat in the IT department on the 20th of March 2002. As...
Mr. Hilal joined bank Muscat in the IT department on the 20th of March 2002. As per the agreement with the employer, he is promised a starting basic pay of OMR 650 per month along with other allowances. His gross starting salary adding all allowances amounts to OMR 750. As per the terms and conditions in the contract, he is entitled for an increment (increment added to basic salary) after the completion of one year service. He retired from service...
You have joined a team in an ICT department located in a large bank. After the...
You have joined a team in an ICT department located in a large bank. After the recent Royal Commission into banking, your employer wants to upgrade many aspects of governance. Your team has been asked about APM. In particular, the bank wants to know how APM might influence benefits management. What should the team say? The Bank wants to know about what research tells us about the realities of implementing and using APM. What are the success rates? What impediments...
Assuming that you are recently joined as an Accounting technician in Barka Egg Factory in Muscat....
Assuming that you are recently joined as an Accounting technician in Barka Egg Factory in Muscat. Your duty is to record and maintain every monetary transaction of an organization. At the end of the year, you have prepared a Trial balance to check the arithmetic accuracy of the transactions. You are surprised that your Debit balance of OMR 5,800 are more than your Credit Balance. Later you discovered that you have committed so many errors while recording and posting the...
Arham has recently joined as a purchase manager at Cripple Technologies Company in Muscat, Sultanate of...
Arham has recently joined as a purchase manager at Cripple Technologies Company in Muscat, Sultanate of Oman. He got request from the various departments that they need additional computers. He analyzed all requirements and finally decided to place orders for 100 computers. Cripple Technologies Company has the bidding policy for selecting the best tender, where they take proposals from different computer suppliers. After analyzing all the proposal they finalize the deal. Arham's son (Jasem) works at Fiddley Computer Corporation in...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises in providing computer programming services and selling computer devices and accessories. The business has been established on 1st July 2019 without having specialized accounting department or system. However, at the end of July the business faces major difficulties and misunderstanding of the process of recording and journalizing the relevant economic transactions that have been done during the first month in an appropriate and standardized...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises in providing computer programming services and selling computer devices and accessories. The business has been established on 1st July 2019 without having specialized accounting department or system. However, at the end of July the business faces major difficulties and misunderstanding of the process of recording and journalizing the relevant economic transactions that have been done during the first month in an appropriate and standardized...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises in providing computer programming services and selling computer devices and accessories. The business has been established on 1st July 2019 without having specialized accounting department or system. However, at the end of July the business faces major difficulties and misunderstanding of the process of recording and journalizing the relevant economic transactions that have been done during the first month in an appropriate and standardized...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises in providing computer programming services and selling computer devices and accessories. The business has been established on 1st July 2019 without having specialized accounting department or system. However, at the end of July the business faces major difficulties and misunderstanding of the process of recording and journalizing the relevant economic transactions that have been done during the first month in an appropriate and standardized...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises in providing computer programming services and selling computer devices and accessories. The business has been established on 1st July 2019 without having specialized accounting department or system. However, at the end of July the business faces major difficulties and misunderstanding of the process of recording and journalizing the relevant economic transactions that have been done during the first month in an appropriate and standardized...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises...
Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises in providing computer programming services and selling computer devices and accessories. The business has been established on 1st July 2019 without having specialized accounting department or system. However, at the end of July the business faces major difficulties and misunderstanding of the process of recording and journalizing the relevant economic transactions that have been done during the first month in an appropriate and standardized...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT