Provision for 13th salary

What is the journal entry at the end of the year for the 13th salary provision

Questions by Pantelitsa Vulovic

Showing Answers 1 - 6 of 6 Answers

koshipthomas

  • Jul 12th, 2011
 

cr.provision for bonus
dr.bonus
(one month salary pd as bonus)
*pls comment is it correct

  Was this answer useful?  Yes

Puran

  • Aug 23rd, 2011
 

Hi it is right
Bonus Dr.
Bonus Payable Cr
or some companies don't pay bonus they pay it as incentive/Performance Bonus
Incentive/Performance Bonus Dr.
Incentive Payable/ Performance Bonus Payable Cr.
Regards
Puran Dangwal

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

 

Related Answered Questions

 

Related Open Questions