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According to partnership act 1932 partner …

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According to partnership act 1932 partner are not entitled to remuneration for the work done by them but I want to know why partner do not get remuneration .

Posted by Neev Garg 3 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Neev Garg 3 years, 7 months ago

Thankyou

Anamika Sharma 3 years, 7 months ago

According to IPA 1932, partnership deed describes all the agreements between them, and talking about remuneration.. practically, even if we don't provide remuneration, profit will be distributed to them via p/l appropriation a/c... Remuneration is given if partner wants.. and if he wants then it must be in the agreement they do... otherwise profit toh uske pass hi jayega chaahe remuneration ki trah ya normal cash ki trah...

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