As per the Second Schedule of The Bonus Act,
What is the "Net Profit as per P&L A/c" means for Partnership Firm. Is it before interest & Remuneration to partners or after it.
Yajendra Adhikari (Chartered Accountant) (334 Points)
19 August 2009As per the Second Schedule of The Bonus Act,
What is the "Net Profit as per P&L A/c" means for Partnership Firm. Is it before interest & Remuneration to partners or after it.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 23 August 2010
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