Cost plus margin
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2016
I am a partner in LLP, we have agreed to take remuneration based on profit earned during the period.
My sales will be based on Cost for the year plus margin @ 17 % .
Should I include partner remuneration as cost ?
Thanks
I am a partner in LLP, we have agreed to take remuneration based on profit earned during the period.
My sales will be based on Cost for the year plus margin @ 17 % .
Should I include partner remuneration as cost ?
Thanks
Amol S Joglekar
(Expert)
01 June 2016
Remuneration is COST, be it partner's or otherwise.
Rupesh Jain
(Expert)
02 June 2016
it will end of period when you earn profit then give the remuneration.
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