Properitor salary
Querist : Anonymous
how do i make salary to Properietor.?
How can i compute it?
What is the percentage?
I want to know whole accounting procedure of Properitorship Firm.
Please help Me
Thanks
As there is no relationship of employer employee so no case of salary..
It will treated as Drawings from the Capital....
Querist : Anonymous
They can Withdraw for their personal use?
In accounting parlance, such payments shall be considered as appropriations.
Querist : Anonymous
which expenses would be allowed in tax deduction as Properietors point of view.
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