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

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

koshipthomas

• Jul 12th, 2011

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

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