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.

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)

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 thank you sir

26 October 2013 you are welcome


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