Llp balance sheet preparation
This query is : Resolved
24 October 2013
please tell where to transfer profit in balancesheet so that partners can withdraw their share??
24 October 2013
to their respective capital or current accounts as the case may be.
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26 October 2013
please tell where to show it in LLP balance sheet(standard format)
26 October 2013
Partners’ funds:
(b) Reserves and surplus (Surplus being
the profit/loss made during the year)
Partners’ funds:
(b) Reserves and surplus (Surplus being
the profit/loss made during the year)
Message likes :
1 times
26 October 2013
sir please tell is there any tax on distribution of profit in llp?
26 October 2013
No. Not tax on distribution of income.
26 October 2013
you are welcome
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