The Majlis Archive

Finance - Banking - Business The Majlis Vol 27 No 01, p.5

Can a working partner in a business be paid a salary as well?

Question

Can a working partner in a business be paid a salary as well?

Answer

Partners in a business are not entitled to a salary regardless of their work. They are entitled to only profit. So whatever the partners have taken by way of 'salary' will be against their profit. If the business shows a loss, they have to return whatever they had withdrawn and pay the debts.

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Published in
The Majlis Vol 27 No 01
PDF page
5

Appears under MAKTAB SYLLABI (approximate).

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