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Retirement of partner

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 Inter

2K+

28-Nov-20

31

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 Inter

13K+

28-Nov-20

Interest*


Thread Starter

Hrishikesh Ransing

Hrishikesh Ransing

CA Inter

2K+

28-Nov-20

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