What do you mean by Non-Redeemable Preference Shares? Post category:Accountancy Reading time:1 mins read SOLUTION Non-redeemable or Irredeemable preference shares are those, the capital of which cannot be refunded before winding up. 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 do you mean by Redeemable Preference Shares? Next PostWhat do you mean by Convertible Preference Shares? You Might Also Like A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. A new partner C is admitted. A surrender 1/5th of his share and B surrenders 2/5th of his share and B surrenders 2/5th of his share in favour of C. For the purpose of C’s admission, goodwill of the firm is valued at Rs. 75,000 and C brings in his share of goodwill in cash which is retained in the firm’s books. Journalise the above transactions. August 1, 2022 Kanika and Gautam are partners doing a dry-cleaning business in Lucknow, sharing profits in the ratio 2: 1 with capitals Rs. 5,00,000 and Rs. 4,00,000 respectively. Kanika withdrew the following amounts during the year to pay the hostel expenses of her son: July 21, 2022 On the retirement of ‘Hari from the firm, of ‘Hari Ram and Sharma’ the balance sheet showed a debit balance of Rs. 12,000 in the profit and loss account. How will you deal with this balance? (C.B.S.E.2015 ) September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. A new partner C is admitted. A surrender 1/5th of his share and B surrenders 2/5th of his share and B surrenders 2/5th of his share in favour of C. For the purpose of C’s admission, goodwill of the firm is valued at Rs. 75,000 and C brings in his share of goodwill in cash which is retained in the firm’s books. Journalise the above transactions. August 1, 2022
Kanika and Gautam are partners doing a dry-cleaning business in Lucknow, sharing profits in the ratio 2: 1 with capitals Rs. 5,00,000 and Rs. 4,00,000 respectively. Kanika withdrew the following amounts during the year to pay the hostel expenses of her son: July 21, 2022
On the retirement of ‘Hari from the firm, of ‘Hari Ram and Sharma’ the balance sheet showed a debit balance of Rs. 12,000 in the profit and loss account. How will you deal with this balance? (C.B.S.E.2015 ) September 27, 2022