we paid bonus how to treat entry and what is the debit and
credit
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Answer / cn.selvam
PAY ROLL LIABILITY Dr XXX
TO BANK/CASH XXX
(BEING BONUS PAID TO MR.A)
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / harish
Bonus .....Dr 15,000/-
To Bank
(Being amount paid to Mr. X)
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / darshan chavan
PAY ROLL LIBILITY A/C DR.
TO BANK/CASH A/C
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / tripti sen
at first we book bonus
1. bonus payable a/c.......Dr.
To Ravi a/c
payment of bonus
2. Ravi a/c......Dr
To bank a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
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What did you meant by Debit and Credit?
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IN ONE OF THE MAUNUFACTURING COMPANY, THE MANAGMENT WAS VERY MUCH INTERESTED TO INTRODUCE ERP(IT IS FOREIGN SOFTWARE)BASED ON SOME ATTRACTIVE FEATURES EXPLAINED BY THE ERP SOFT WARE COMPANY/AGENCY . THE ACCOUNTING STAFF ARE ALL CONVERCENT WITH TALLY ACCOUNTING PACKAGE(INDIAN ACCOUNTING METHOD). THEREFORE THEY WOULD LIKE TO KNOW THAT (I) WHAT ARE THE DIFFERENCE BETWEEN A TRIAL BALANCE FROM NORMAL TALLY ACCOUNTING AND ERP GENREATED TRIAL BALANCE (2) SINCE THE BOTH THE TRIAL BALANCE WILL BE HAVING DIFFEERENT DATAS HOW SOME ONE CAN MAKE A FINAL ACCOUNT SUCH AS TRADING A/C PROFIT & LOSS ACCOUNT AND BALANCE SHEET AS PER INDIAN COMPANIES ACT. THE TRIAL BALANCE AS PER ERP SHOW SOME COST OF PRODCUTION A/C, LABOUR/MATERIAL/VALUE VARIANCE A/C. SAY ALL THESE VARIANCE ARE CORRECT AND BASED ON THE ACTUAL TRANSACTION TAKEN PLACE, HOW SOMEONE CAN A FINAL ACCOUNT MEANT FOR INDIAN ACCOUNTING POLICY WHICH TO BE SUBMITTED TO VARIOUS GOVT BODIES? I AM TOTALLY CONFUSED
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I have an interview in a software company for the post of Functional test engineer. They want the person from bcom Back ground( i am a bcome graduate 2006) and the person Should have good accounts knowledge. Now i want to know What kinds of questions they can ask or can give in written Test. I m nervous coz its been 5 years i have done bcom. So How shud i prepare for interview.Please help?
Audit 
