18 March 2011
Hi If a partner is earning a remuneration of INR 1 lac, but he is withdrawing only INR 30,000, how much will he show in his return and what about the balance if any. Thank you
18 March 2011
pl. do the following journal entry cash a/c dr 30,000.00 investment in partnership firm Dr 70,000.00 To, Partners Remuneration1,00,000.00
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