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.
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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