if sale is rs 500000 lac and book profit is around 40000 thousand, what is the procedure to pay salary to working partner.should is pay as per deed or should i go with slab in which i can pay 90% of book profit as salary



if sale is rs 500000 lac and book profit is around 40000 thousand, what is the procedure to pay sala..

Answer / rangappa

AS PER PARTNERSHIP DEED

Is This Answer Correct ?    1 Yes 1 No

Post New Answer

More Accounting General Interview Questions

Hi everybody, can anybody tell me what will be the journal entry for ( 1). Withdraw from SBH Rs.10,000 for office use. 2). Withdraw from SBH Rs.5,000 for private use. Thanks,

10 Answers  


what are cost accounting and its applications?

0 Answers  


What is a Hold and Release

0 Answers   Accenture,


MY QUESTION IS OUR EMPLOYEE PAID SCHOOL FEES & TUTION FEES & BUS FEES FOR CHILD EDUCATION. IN WHAT KIND OF FEES WE TAKE DEDUCTION UNDER 80 C.

2 Answers  


What is the Difference Between (A/c Payable / Receivable ) AND ( Bills payable / Receivable )................?

3 Answers   GTS,






reserve for doubtful debts is wich type of account?

2 Answers  


what are GAAP items and examples of such?

2 Answers  


what is amortization?

5 Answers   HP,


Have you ever made mis reports and what are they?

0 Answers  


hi all I am new here, I would like to ask one question. when a company (MNC) is following more than one accounting principle then what are the areas we need to change in sap.

1 Answers  


who issues the accounting standards?

4 Answers   ABC,


what is legal meaning of CLEAR BALANCE mentioned in bank passbook of a saving account ?

2 Answers   Bank of Maharashtra,


Categories