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operating expenses

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24 September 2010 is it ok to include PARTNERS' SALARY IN OPERATING EXPENSES?
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CA Amit Joshi

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CA Amit Joshi (Expert)
24 September 2010 Partners Salary can't be part of operating Exp. So it's not right.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
24 September 2010 Parterns Salary is not an operating expense of the firm.
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shakuntala chhangani

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shakuntala chhangani (Expert)
26 September 2010 Hi Asif, Partner's salary is not the operating exp. but it is appropriation of after tax profit that is why we show it in P/L appropriation A/c
Regards, CA Shakuntala Chhangani

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