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

Tell me in which account does the unpresented cheque will get recorded?

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Rent is direct income or indirect income

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come will open bank account... what journal will come...

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all ques. related to accounts?

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please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com

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