Employees' basic salary exceeds ₹21,000 due to a backdated increment, and bonuses are paid as part of gross salary. The basic salary of some employees exceeds 21000 because they are not part of the bonus, and we have already paid them bonuses. While calculating arrears, when we subtract from bonus (new rate)—bonus (old rate), values come in minus. How can we book that negative bonus amount in accounting?
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Payroll.xls
Payroll.doc
Folklore Payroll.pdf