The opening balance from the prior month combined with the net of all transactions during the period should result in the closing balance for the current statement.
A cost-of-living raise is an increase in pay that's intended to keep the buying power of an employee's salary the same during a period of inflation.he biggest group affected by cost-of-living raises is Social Security recipients. Some employees have contracts that include automatic cost-of-living raises. Others work for companies that voluntarily increase pay to keep pace with inflation.
MALAYSIA-Malaysian people no longer feel that living cost in the country is cheap. Early this month, the Malaysian government announced a price hike for Ron 95 and diesel fuels against an inflating economy.n addressing the hardest hit by rising costs, RAM Holdings Bhd Group Chief Economist Dr Yeah Kim Leng said that low income groups and wage earners whose salaries do not increase at pace with the rising cost of living will face hardships.