👉 In accounting, a "compensation" is defined as the amount of money or another form of value that an individual receives as a result of their employment. This can be in the form of salary, bonuses, commissions, benefits, or other forms of compensation. For example, if an employee receives a bonus for meeting certain sales targets, this would be considered a compensatory payment. Similarly, if an employer pays an employee for training and development opportunities, it is considered a compensatory payment. Comp
