Difference between revisions of "Salary allowance"
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| − | [[Salary allowance]] is a mechanism for dividing earnings of a partnership based on personal services provided by the partners (not an expense). | + | [[Salary allowance]] is a mechanism for dividing [[earnings]] of a partnership based on personal services provided by the partners (not an expense). |
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | 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). | + | :[[Salary allowance]]. A mechanism for dividing [[earnings]] of a partnership based on personal services provided by the partners (not an expense). |
==Related concepts== | ==Related concepts== | ||
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | ||
| − | ==Related | + | ==Related lectures== |
*[[Partnership Accounting]]. | *[[Partnership Accounting]]. | ||
| − | [[Category: Accounting]][[Category: Articles]] | + | [[Category: American Accounting]][[Category: Articles]] |
Latest revision as of 03:35, 9 November 2019
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).
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
