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What happens if there is no available surplus or the allocable surplus falls short of the minimum bonus payable to employees in an accounting year?
  • a)
    The minimum amount or deficiency is carried forward for being set on in the succeeding accounting year.
  • b)
    The minimum amount or deficiency is carried forward for being set off in the succeeding accounting year.
  • c)
    The minimum amount or deficiency is deducted from the maximum bonus payable to employees.
  • d)
    The minimum amount or deficiency is utilized for the purpose of payment of maximum bonus.
Correct answer is option 'A'. Can you explain this answer?
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What happens if there is no available surplus or the allocable surplus...
If there is no available surplus or the allocable surplus falls short of the minimum bonus payable to employees in an accounting year, the minimum amount or deficiency is carried forward for being set on in the succeeding accounting year. This means that the minimum bonus that could not be paid in the current year can be paid in the future.Interesting additional fact: The set on and set off principle applies to cases where there is neither excess allocable surplus nor sufficient amount carried forward for payment of bonus. It ensures that the minimum bonus is eventually paid to the employees.
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What happens if there is no available surplus or the allocable surplus falls short of the minimum bonus payable to employees in an accounting year?a)The minimum amount or deficiency is carried forward for being set on in the succeeding accounting year.b)The minimum amount or deficiency is carried forward for being set off in the succeeding accounting year.c)The minimum amount or deficiency is deducted from the maximum bonus payable to employees.d)The minimum amount or deficiency is utilized for the purpose of payment of maximum bonus.Correct answer is option 'A'. Can you explain this answer?
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What happens if there is no available surplus or the allocable surplus falls short of the minimum bonus payable to employees in an accounting year?a)The minimum amount or deficiency is carried forward for being set on in the succeeding accounting year.b)The minimum amount or deficiency is carried forward for being set off in the succeeding accounting year.c)The minimum amount or deficiency is deducted from the maximum bonus payable to employees.d)The minimum amount or deficiency is utilized for the purpose of payment of maximum bonus.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What happens if there is no available surplus or the allocable surplus falls short of the minimum bonus payable to employees in an accounting year?a)The minimum amount or deficiency is carried forward for being set on in the succeeding accounting year.b)The minimum amount or deficiency is carried forward for being set off in the succeeding accounting year.c)The minimum amount or deficiency is deducted from the maximum bonus payable to employees.d)The minimum amount or deficiency is utilized for the purpose of payment of maximum bonus.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What happens if there is no available surplus or the allocable surplus falls short of the minimum bonus payable to employees in an accounting year?a)The minimum amount or deficiency is carried forward for being set on in the succeeding accounting year.b)The minimum amount or deficiency is carried forward for being set off in the succeeding accounting year.c)The minimum amount or deficiency is deducted from the maximum bonus payable to employees.d)The minimum amount or deficiency is utilized for the purpose of payment of maximum bonus.Correct answer is option 'A'. Can you explain this answer?.
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