Answer / 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

my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.

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