Easy Office
Easy Office

Can The owner take salary

This query is : Resolved 
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(Querist)
11 December 2008 I am having a proprietory concern. I want to know can we show in the firm accounts that salary is paid to me as an expenditure.

Thanks.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
11 December 2008 No because one cannot pay salary to himself.
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Ravikumar.G

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Ravikumar.G (Expert)
12 December 2008 It is to be treated as Drawings not as a salary.
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