Glossary · Accounting

What is Share of a withdrawing founder?

The value of the share the company must return to a participant leaving the body of founders. This debt is recorded on the credit of account 6620 in correspondence with accounts 8330, 8610 or 8620. If the share is given in the form of a fixed asset instead of money, the asset is disposed of through account 9210.

See also

More terms: Accounting

← All terms