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Cost plus margin

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 June 2016
I am a partner in LLP, we have agreed to take remuneration based on profit earned during the period.

My sales will be based on Cost for the year plus margin @ 17 % .

Should I include partner remuneration as cost ?

Thanks


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Amol S Joglekar

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Amol S Joglekar (Expert)
01 June 2016 Remuneration is COST, be it partner's or otherwise.
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Rupesh Jain

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Rupesh Jain (Expert)
02 June 2016 it will end of period when you earn profit then give the remuneration.
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