Salaries to partners and interest on partner's capital balances are expenses of the partnership.

Name: Salaries to partners and interest on partner's capital balances are expenses of the partnership.
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Salaries to partners and interest on partner's capital balances are considered distributions of profit, not expenses of the partnership. They are ways to allocate the partnership's profits among the partners, rather than costs incurred in the production of income.

Salaries to Partners and Interest on Partner's Capital Balances Are