What is meant by surrender of shares? Post category:Accountancy Reading time:1 mins read SOLUTION It is voluntary return of shares by a shareholder for the purpose of cancellation. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is meant by forfeiture of shares? Next PostWhat is maximum amount of discount which may be allowed on reissue of forfeited shares? (C.B.S.E, 2014) You Might Also Like What treatment is made of accumulated profits and losses on the retirement of partner? September 27, 2022 Atul and Neera were partners in a firm sharing profits in the ratio of 3: 2. They admitted Mitali as a new partner. Goodwill of the firm was valued at Rs. 2,00,000. Mitali brings her share of goodwill premium of Rs. 20,000 in cash, which is entirely credited to Atul’s Capital Account Calculate the new profit-sharing ratio. (C.B.S.E. 2019, M.P.) September 27, 2022 Which capital accounts always show a credit balance? (CBSE 2020) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What treatment is made of accumulated profits and losses on the retirement of partner? September 27, 2022
Atul and Neera were partners in a firm sharing profits in the ratio of 3: 2. They admitted Mitali as a new partner. Goodwill of the firm was valued at Rs. 2,00,000. Mitali brings her share of goodwill premium of Rs. 20,000 in cash, which is entirely credited to Atul’s Capital Account Calculate the new profit-sharing ratio. (C.B.S.E. 2019, M.P.) September 27, 2022