Dear Experts
Can Room rent of partner show firm's expenses in Partnership firm LLP.?
3 Replies
Kapadia Pravin
(17259 Points)
Replied 12 December 2019
It will be considered as partner's withdrawals towards room rent.
Shivam RC
(Student)
(23683 Points)
Replied 14 December 2019
No. Personal Expenses of a Partner cannot be showed in the P&L A/c of the LLP Firm.
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