Employer-Employee Relationship

Employee
An employee is an individual who works for compensation, either direct or indirect, for an employer in return for stipulated services. Employees may be compensated hourly, daily, or annually. Employers have the right to control the work performed by their employees, including timing and means of accomplishing tasks.
Vicarious Liability
Vicarious liability is a legal concept where one party is held liable for the actions or omissions of another person, even if the liable party did not personally commit the act. This is often seen in employer-employee relationships, where employers can be held accountable for the actions of their employees performed within the scope of their employment.

Accounting Terms Lexicon

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