Atharv Sankliya (1323 Points)
05 November 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 05 November 2021
According to AS, you can treat it as external goodwill. To give it a name, performance bonus or distribution expenses or entertainment expenses.
Performance Bonus a/c
To Bank a/c
GST on entertainment is highest. So check that out.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 07 November 2021
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
