ILLUSTRATION 5 Compute the Employee Cost as per CAS-7 with appropriate reasoning: EXTRACT OF TRIAL BALANCE As on 31-03-2019 Particulars (Debit) Amount ($) Particulars (Credit) Amount ($) Materials Consumed 30,00,000 Special Subsidiary received from Government towards Employee Salary 3,50,000 Salaries 18,00,000 Recoverable Amount from Employees Out of Perquisites Extended 80,000 Employee Training Cost 3,00,000 Perquisites to Employees 4,80,000 Contribution to Gratuity Fund 4,20,000 Lease Rent for Accommodation Provided to Employees 5,60,000 Festival Bonus 1,00,000