pg.1.88 : T.S GREWAL ACCOUNTANCY PART 1
Qn.52,they have mentioned that b and c have drawn 2500 and 1000 in addition to their salaries of 5000 p.a each and in the cr. side of the current a/c their salaries have been accounted,but why is it added to drawings also in the debit side?

Dear Student


The salary due to partner is booked by crediting Salary to the current account of the partner.

Now anything, if is withdrawn by the partner from his current or capital account, is treated as Drawings, Since in the solution Amount of salary is also included in the drawings, It simply states that partners have withdrawn their salary from the firm.

Please see that in the question there must be a point stating that partners have withdrawn salary along with the Drawings.


Hope this clears your doubt regarding the inclusion of Salary amount in the drawings.
Please get back to us in case of any query

Regards

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