What is the treatment for the distribution to partners?

meLay0828 Posts: 7, Reputation: 1

New Member

Jan 18, 2011, 07:17 AM

What is the treatment for the distribution to partners?

Is it to be treated as an expense or a capital in the part of the partners?

Just Looking Posts: 1,610, Reputation: 480

Ultra Member

Jan 18, 2011, 06:11 PM

It goes to the capital account.

meLay0828 Posts: 7, Reputation: 1

New Member

Jan 20, 2011, 07:46 AM

Comment on Just Looking's post

Thanks.. :)

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