Interested to Buy Any Domain ? << Click Here >> for more details...
Can we pay bonus to employees out of Reserves?
- 3 Answers
- 6264 Views
- UltraTech, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kajal
We can pay Bonus to Employees only out of Profit & Loss
Account.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / kuntal dey
We cannot pay bonus (in terms cash) out of reserve but a co.
can issue bonus shares out of reserve.
| Is This Answer Correct ? | 5 Yes | 1 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
what are the types of leverage ratios?
Journal entry for Telephone purchased in credit?
Types of vouchers with explaination
What is GR form ? what its use please give me a details of GR ?
if the chq is dishonored which entry will be passed???????? give example entry
purchase return liability or asset?should it be included in the balanced sheet?
what is accounting
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
what is account opening and account closing??
10 Answers Royal Bank Of Scotland,
Explain me bills receivable?
Contra asset accounts have credit balance and are an offset to a related asset account ? true or false .
Audit 
