Answer / amit kumar

Dr. bonus a/c
Cr. Payroll liability a/c

If we need to create provision for bonus or any expense, we dr that expense and create liability for the same in balance sheet.

At the time of payment, we do the below entry.

Dr. payroll liability a/c
Cr. Bank a/c

Why intercompany reconciliation

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What is the difference between inactive accounts and dormant account?

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explain the relevance of closing stock account in trading a/c when preparing the gross profit?

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Define offset accounting?

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Derivative

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HOW MANY CHART OF ACCOUNT WE CAN DEFINE IN A COMPANY CODE. (SAP QUESTION)

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