Partnership remuneration and interest


This query is : Resolved 

(Querist)
30 September 2018 Sir,
Partnership firm remuneration and interest received Rs.1100000 and 125000, the received entry for Individual accounts for filing of income tax & computation for ITR.

01 October 2018 File ITR 3. For Remuneration.and Interest.

If received through Bank

Bank account Dr
Cr. Salary from Firm
Cr. Interest on Capital

If it is added to capital than

Dr.Firm Investment A/c
Cr Salary from Firm
Cr Interest on capital


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