Plz tell me how to pass journal entries for partner's remuneration and where to book partner salary??
In P&L a/c or directly debit to partner capital a/c as on 31.03.2019
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Partner Salary
Replies (3)
In P&L A/c
Sir also plz tell me journal entries to be passed during financial year and in the end of financial year. Thanks a lot.
(I) Partners capital A/c Dr.
To Bank
(ii) P&l A/c Dr.
To partners capital a/c
To Bank
(ii) P&l A/c Dr.
To partners capital a/c
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