Can The owner take salary
This query is : Resolved
Mohd Sarfaraz Latibani
(Querist)
11 December 2008
I am having a proprietory concern. I want to know can we show in the firm accounts that salary is paid to me as an expenditure.
Thanks.
Thanks.
11 December 2008
No because one cannot pay salary to himself.
Ravikumar.G
(Expert)
12 December 2008
It is to be treated as Drawings not as a salary.
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