Remuneration to mahesh and ramesh will be transferred to
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Remuneration to Mahesh and Ramesh will be transferred to current account.
- Remuneration is a type of payment or stipend received for the work done. It can be a reward, commission, honorarium, wages etc.
- Current account is generally opened by businessman who engage in the daily activities income and expenditure.
- Remuneration is a type of income which is earned on daily basis or only when the work is done.
- This remuneration can also be withdrawn by partner at any point of time.
Hence, remuneration is transferred to partner's current account.
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