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



we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which..

Answer / prasad

Bonus A/c Dr
To Bank

Is This Answer Correct ?    32 Yes 2 No

we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which..

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

we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which..

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

we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which..

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

we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which..

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

we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which..

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

we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which..

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

Post New Answer

More Accounting General Interview Questions

our cheque to Arshad Khan was dishonored?

0 Answers  


we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?

0 Answers  


Do you know what is a cpa?

0 Answers  


Please explain the difference between provision and reserve?

0 Answers  


What is Debit Note & Credit Note?

3 Answers   EDS,






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

0 Answers  


Any income which is earned in the financial year(2009-10) but received in the assessment year(2010-11) wil be taxable or not?

3 Answers  


What is the order of priority of the following. 1.Trial Balance,2.Sales Ledger,3.Journal Entry,4.General Ledger,5.Balance Sheet,6.Profit and Loss Account,7.Cash Flow and fund flows.

1 Answers  


what is profit maximisation

0 Answers  


What is the treatment of preliminary? is this current assets?

1 Answers  


if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me

0 Answers  


Difference between Provisions and reserves

4 Answers   Accenture,


Categories