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

Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?

0 Answers  

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what is abnormal loss???

3 Answers  

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Define the accounting entries for payments

0 Answers   Accenture,

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Tell me how many types of business transactions are there in accounting?

0 Answers  

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claim of workers pf esic contribution as expenditure in profi & loss a/c under head manufacturing or Administrative exp ?

2 Answers  

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what will be the entry for credit purchases with discount

18 Answers   Genpact,

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What all are the documents need to check for a supplier payment?

0 Answers   SBK Real Estate,

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what is miscellaneous expenditure??

1 Answers   Accounting,

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what is the difference between earnings and profits

4 Answers  

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wate is the TDS

5 Answers   LG Soft,

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if the chq is dishonored which entry will be passed???????? give example entry

4 Answers  

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Computer value 5000 Deprecation 3000 Book vale 2000 Sold for 2000 Pass entry?

16 Answers   FIC,

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