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hello when adjusting a partnership accounting profits: do we add back interst on capital given to the partners
@chiclarence, Partners’ salaries and interest on capital are not deductible: these are an allocation of profit, so we’ll add back salaries n interst to profit
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hello when adjusting a partnership accounting profits: do we add back interst on capital given to the partners
@chiclarence, Partners’ salaries and interest on capital are not deductible: these are an allocation of profit, so we’ll add back salaries n interst to profit