Difference between revisions of "Salary allowance"

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Revision as of 20:04, 20 December 2018

Salary allowance is a mechanism for dividing earnings of a partnership based on personal services provided by the partners (not an expense).


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Salary allowance. A mechanism for dividing earnings of a partnership based on personal services provided by the partners (not an expense).

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