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Partners s/b interest and bank charges

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(Querist)
28 June 2018 DEAR MADAM/SIR,
WHILE FINALIZING PARTNERSHIP FIRM ACCOUNT, PARTNERS INDIVIDUAL S/B ACCOUNTS BANK CHARGES AND S/B INTEREST SHOULD BE TRANSFER TO PROFIT AND LOSS A/C OR NOT. CASH DEPOSITS ARE DRAWINGS FOR PARTNERS PLEASE GUIDE ME

REGARDS
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
28 June 2018 Partners individuals Accountant not required to account in partnership Account, any drawings salary, Interest etc either adjusted partners capital account or partners current a/c.
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raghavendra b

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raghavendra b (Querist)
29 June 2018 thank you sir, for your kind reply, because previous year auditor transfer the bank charges and s/b interest to profit and loss a/c and as expenses and income therefore is this correct method to accounting or not so confused
regards
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