Does partners remuneration is expense for firm

404 views
User Avatar

1359 Points Posted on 28 December 2021
does partners remuneration is expense for firm
0 Reply Share Follow
On 28 December 2021 at 12:51 Report
Replies (2)
Quick Summary
This discussion delves into the accounting treatment of partner remuneration. While often considered a business expense, it's frequently excluded when calculating a firm's net profit. The core question is why this distinction is made and how it impacts financial reporting.

User Avatar

Profession Business
28246 Points Posted on 28 December 2021
Partners remuneration is supposedly a business expense for the firm.
Reply
On 28 December 2021 at 14:01
User Avatar

1359 Points Posted on 28 December 2021
So why partner remuneration is not considered in calculating the net profit ??
Reply
On 28 December 2021 at 14:14

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS on property
  2. Company data for software
  3. Car purchase to be eligible for ITC
  4. GST Refund on payment to builder
  5. TDS u/s 194Q on electricity supply by DHBVN etc.
  6. Subject: Can I Apply for Fresh GST Registration on
  7. Additional place in GST RC
  8. Company 3 months old, INC-20A not filed, all 3 of
  9. How do I choose the Best GST Lawyers in New Delhi
  10. Loss on sale of residential flat after indexing al

More recent discussions | Post

Related Topics :

Loading