LS2245: What is the relevance of Bonus in a Company? Discuss the payment of Bonus Act 1965 and how it is calculated

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Question: What is the relevance of Bonus in a Company? Discuss the payment of Bonus Act 1965 and how it is calculated?
How the principle of set on and set off illustrated in fourth schedule is important for the payment of Bonus and solving the problems of allocable surplus being carried forward to be set on or set off in succeeding accounting years? Relevance of Bonus in a Company


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