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Partnership firm - queries

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(Querist)
07 June 2017 Which expenses are to be taken in partnership firm or which not ???
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CA Gurmeet Singh

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CA Gurmeet Singh (Expert)
07 June 2017 You can take following expense-
1. Bank Charges
2. Depreciation
3. Interest to partners upto 12%
4. Newspaper & Books
5. Other interest
6. Telephone Expense
7. Festival expenses
8. Postage Teleg.
9. Membership & Subscrition
10. Printing & Stationery
11. Rent Office
12. Cpc Expense/ Office Exp
13. Donation
14. Freight & Labour
15. Staff Food/welfare
16. Insurance
17. Office Expenses
18. Repair & Maintenance
19. Software Exp.
20 Salary
21 Travelling Boarding Lodging
22. Water & Electricity
23 Advertising
24 Professional Charges
25 Salary to Partners
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