In pvt ltd company, where does the profit go
This query is : Resolved
Naveed Saif
(Querist)
21 July 2019
Hi ,
If there are 2 directors in a pvt ltd co. They get their salaries from the company, now who takes the net profit after tax from the company . Do the directors who are the only shareholders of that company take out that profit.
Thanks.
If there are 2 directors in a pvt ltd co. They get their salaries from the company, now who takes the net profit after tax from the company . Do the directors who are the only shareholders of that company take out that profit.
Thanks.
21 July 2019
The company can either declare dividend or carry forward the profit to the balance
sheet under the head 'reserves & surplus a/c'
sheet under the head 'reserves & surplus a/c'
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