Menu
Can a partner
can a partner withdraw his salary/commission
Replies (12)
Quick Summary
Yes why not..
In cash ??
Yes...
And what its journal entries ??
Salary Dr
To partner capital Cr.
Partner Capital Dr.
To cash Cr.
To partner capital Cr.
Partner Capital Dr.
To cash Cr.
In case of fixed capital method does use current account for that ???
Obviously there's no doubt in this. 🙂
Does interest on drawing is charged on that ?
Yes it will be charged
On withdraw partner salary ??
Yes...
Why? ??
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
