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Retirement of partner

Accountancy

How apporpriation of salaries and internet on partner's capital should be done in case of net loss in P&L A/c ?

Hrishikesh Ransing

Hrishikesh Ransing

CA Final

★ 4K+

28-Nov-20 14:34

290

Answers (3)

Best Answer

Appropriation of profit ( i. e. salary, interest on capital... Etc) is allowed only when there is profit. If loss occures then no appropriation can be made

Shanmughamani S

Shanmughamani S

CA Final

★ 16K+

28-Nov-20 15:31

Interest*

Thread Starter

Hrishikesh Ransing

Hrishikesh Ransing

CA Final

★ 4K+

28-Nov-20 14:35

Shanmughamani S

Appropriation of profit ( i. e. salary, interest on capital... Etc) is allowed only when there is profit. If loss occures then no appropriation can be made

Get it thank you

Thread Starter

Hrishikesh Ransing

Hrishikesh Ransing

CA Final

★ 4K+

28-Nov-20 23:00

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