Class12th|Accounting for Partnership Firm |Remuneration to Partner's (salary or commission) | PART-5

Class 12th Accountancy
Volume 1 Accounting For Partnership Firm
Chapter 1 Accounting for Partnership Firm - Fundamental
Topic: Remuneration to partners (salary or commission)
Salary or Commission to partners is allowed if the partnership deed allow it to be paid.
Salary or Commission to a partner is an appropriation of profit and not a charge against the profit. It is allowed only if profit is earned.
Detail working of salary and commission to partners whether there is a partnership deed exit or doesn't exit.
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