Kya retirement k time joint life policy ko surrender karna mandatory hai ? If no then accounting entry kya karni padegi Also tell joint life policy treatment in case of change in profit sharing ratio

Question

Deepika · Answer

Gaining to sacrifice on surrender value

Deepika · Answer

Balance sheet me jlp surrender value pr dikhaya jta h nhi h surrender value pr to phle revalue Krna pdega

Deepika · Answer

Nhi jlp ko surrender Krna mandatory nhi h or iski entry hoti remaining partner Capital account in gaining ratio To retire partner

Kya retirement k time joint life policy ko surrender karna mandatory hai ? If no then accounting entry kya karni padegi Also tell joint life policy treatment in case of change in profit sharing ratio

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