Accounts query
renuka (Student) (480 Points)
04 November 2013
What is employee profit sharing a/c? Is it treated as reserve or liability?
2 Replies
VIKASH KUMAR JAIN
(Audit Executive)
(711 Points)
Replied 04 November 2013
Hi renuka.
Employee profit sharing a/c seems like Incentive a/c. from which profit will be distributed to employees.So it can be taken as liabllity agnst. incentive to employees.This is my personal view only.Let's check what other say.....
renuka
(Student)
(480 Points)
Replied 04 November 2013
Even I felt the same but in RTP they have shown it under Reserves and Surplus
Recent Topics
- Property capital gain, Bought in 2002 and sold in
- TDS Implication on Expensing Off Unrecovered Invoi
- Where can i Declare landlord share in GSTR-1
- Change of name on physical share certificates of P
- Workmen compensation insurance policy
- GST Revenue at All-Time High - A Genuine Growth or
- TDS On Purchase of Property by Firm
- Gst missing invoice in return
- Discuss and Download CA Inter Question Paper May 2
- Discuss and Download CA Final Question Paper May 2
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
