TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Include Bonus Provision in the Year Payable for Accurate Profit Reflection; Note Discrepancies in Following Year Accounts.</h1> A provision for bonus should be included in the accounts of the year for which the bonus is payable, even if the payment occurs in the following year. This ensures that the profit reflects a true and fair view for that year. The provision may not match the exact payment amount, so any discrepancy should be noted in the appropriation account or profit and loss account of the following year, with an explanatory note indicating its relation to the previous year.
TaxTMI 