we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which head..Explain pls
Answers were Sorted based on User's Feedback
Answer / induja.l
If company paying bonus to his employees then need to
record payment entry.
We can treat bonus as expenses from company point of view,
Create bonus ledger under expenses group , bank ledger under
Bank account group
Later record the payment entry
Debit : Bonus ledger
Credit : Bank ledger
| Is This Answer Correct ? | 19 Yes | 2 No |
Answer / gokulakrishnan
In tally under the payment side we have to show this......
Because this is a bonus paid to worker if anything we have
paid means we will showed under the payment side
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / mohan
Before checking the deevali bonus, we have to check whether any provision/break up is raised for the last year. if so, how much raised for provision. After that we have to pass the entry.
Dr.Provision for Bonus account
Cr. Bank Account
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / prachi
Create bonus ledger under expenses group , bank ledger under
Bank account group
Later record the payment entry
Debit : Bonus ledger
Credit : Bank ledger
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / deepak
Before checking the deevali bonus, we have to check whether any provision/break up is raised for the last year. if so, how much raised for provision. After that we have to pass the entry.
Dr.Provision for Bonus account
Cr. Bank Account
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / raju singh
FIRST -1) DR BONUS (UNDR EXPENSES)
CR BONUS PAYABLE (UNDER Provision)
SECOND-2) DR CR BONUS PAYABLE (UNDER Provision)
CR BANK A/C
| Is This Answer Correct ? | 1 Yes | 0 No |
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