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Accounting treatment of income tax refund for LLP

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(Querist)
01 October 2023 what is journal entry of income tax refund .
whether income tax refund ( Total refund Minus Interest income on income tax refund) should be distributed among partners according to profit sharing ratio.
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Asha Kanta Sharmapro badge online (Expert)
01 October 2023 Bank - Dr.
Interest on IT Refund - Cr.
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Daya

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Daya (Querist)
01 October 2023 How to distribute among partners and what would be the journal entry.
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