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Recognition of Bonus Payable - Interim

Accountancy

Hi sir, hope you're well. Bonus payable, must be proportionately accounted for prospectively over the interim periods, only if the same is a legal obligation. My doubt is whether the same treatment must be given, if the obligation isn't legal but constructive? Thanks. Video Details P1 - Accounting Standards - CA Inter (New) AS 25 5. Treatment of Certain Items


Devaprasad Jothimani

Devaprasad Jothimani

CA Inter

0

08-Mar-24 16:57

49

Answers (1)

Yes


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

10-Mar-24 12:56

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