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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
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Answer Posted / 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
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