Atharv Sankliya (1323 Points)
30 October 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 30 October 2021
Incomes and expenses must be reported in the income statement. The profits are apportioned through profit sharing ratio. It is a business expense.
Atharv Sankliya
(1323 Points)
Replied 30 October 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 30 October 2021
No need. There are no partners and no need to distribute profits.
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