Partner salary as

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1359 Points Posted on 07 November 2021
partner's salary as a charge against profit and mentioned this in partnership deed
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On 07 November 2021 at 23:18 Report
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This discussion clarifies that a partner's salary should be treated as a charge against profit, not a distribution of profit. It's crucial to explicitly state this in the partnership deed. This ensures partners receive their agreed salary, even if the firm incurs a loss, as stipulated in the deed.

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Chartered Accountant
24588 Points Posted on 08 November 2021
Partners salary should be paid as partnership deed
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On 08 November 2021 at 06:05
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1359 Points Posted on 08 November 2021
It is mentioned in partnership deed that salary to partner are paid even firm accur loss
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On 08 November 2021 at 10:18
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Chartered Accountant
24588 Points Posted on 09 November 2021
Yes it should be paid
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On 09 November 2021 at 18:35

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