Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / 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
| Is This Answer Correct ? | 39 Yes | 0 No |
Post New Answer View All Answers
What was your most complicated sales cycle in past positions?
Is the shadow balance present in bank account always credited or bank may reverse it as well?
In which term & condition excise invoice raises & for what excise invoice raise?
what is the rate of vat,cst,in mumbai
purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c
Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?
what are the different types of expenditures considered for the purpose of accounting?
Differentiate accounting and auditing?
which subsidiary book is source of these:debit note,credit slip,
List of Indian accounting standards and international financial reporting standards
In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?
what are the extraordinary items?
What is Provision Entry
What are the important things to be remembered while preparing a bank reconciliation statement?
how in the big companies the budget are prepared and controlled?
