treatment of travellers salaries
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Renumeration or Salaray is payable to partner ONLY if mentioned in the partnership deed.
It is debited in the PL app account since it is a charge against the profits. Loss to the firm.
It is credited to partner's capital accounts because it is an income to the partner who recieves the salary
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Answer:
Renumeration or salary is payable to partner only if mentioned in the partnership deed.
It is debited in the PL app account since it is a charge against the profits . Loss to the Firm.
It is Credited to partner's capital account.
Mr.Thriller
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