Journal Entry related to partnership firm/LLP
This query is : Resolved
31 March 2022
journal entry should passed in following manner
For Loss , for interest on drawing, For Interest on capital and for salary of partners
How to pass journal entry in partner ship firm or LLP.
For Loss , for interest on drawing, For Interest on capital and for salary of partners
How to pass journal entry in partner ship firm or LLP.
CA R SEETHARAMAN
(Expert)
01 April 2022
For loss and interst on drawings debit capital account and credit p and l account.
Interest on capital and salary debit p and l account and credit capital account.
Interest on capital and salary debit p and l account and credit capital account.
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