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Partners salary

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(Querist)
30 November 2015 What is the accounting treatment of partners salary ?

Is there any adjustment with partners capital. ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 November 2015 It can be drawn in cash or can be credited to capital /current account of partners but depends on the clauses of the partnership deed.

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