Answer / kajal

We can pay Bonus to Employees only out of Profit & Loss
Account.

Answer / kuntal dey

We cannot pay bonus (in terms cash) out of reserve but a co.
can issue bonus shares out of reserve.

Answer / subhash

Question is not clear reserves are of various types no Bonus can be paid out of Capital Reserves or specific reserves.Bonus paid to employees is mandatory as per the provision of Bonus Act and is a Revenue expenditure to be shewn in Profit and loss A/C and not to be paid out of Reserve to be created for this purpose yet if by any reason some amount of bonus of previous year co.Losses case in the court of Law the same can be appropriated out of General Reserve

accounting concepts

2 Answers   Siemens,

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in Tally accounting programme where should I can make ledger for Work in Progress? under which accounting head? Eg. Debit will be under Current Asset a/c and what about credit? whether it is under Purchase a/c? or under Income a/c?

2 Answers  

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Explain me the basic accounting equation?

0 Answers  

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sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.

1 Answers  

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1- what is cash flow and fund flow 2-Defference between TDS and TCS

2 Answers  

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Tell me why do you apply for a job of an account executive?

0 Answers  

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What is the full form of GAAP?

23 Answers   Accenture,

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what is the meaning of single entery system and double entery system ?

4 Answers   Suzlon,

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what are the direct expense of loan department in banks.

0 Answers   MagicBricks,

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what is the difference between 'quotation' and 'proforma invoice'?

2 Answers  

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how to make dd payment entry of insurance of rs 34755 dd made by cash

4 Answers  

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How to prepare balance sheet

2 Answers  

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