Plz tell me how to pass journal entries for partner's remuneration and where to book partner salary??
In P&L a/c or directly debit to partner capital a/c as on 31.03.2019
In P&L A/c
3 Replies
Sandeep Sharma
(Accounts executive)
(552 Points)
Replied 08 March 2019
Sir also plz tell me journal entries to be passed during financial year and in the end of financial year. Thanks a lot.
Mohit Gupta
(article)
(164 Points)
Replied 09 March 2019
(I) Partners capital A/c Dr.
To Bank
(ii) P&l A/c Dr.
To partners capital a/c
To Bank
(ii) P&l A/c Dr.
To partners capital a/c
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