bank A/C Dr To Share Applications A/C (APPLICATION MONEY FOR_____ SHARES@Rs _____per share received share application a/c Dr TO SHARE CAPITAL A/C (APPLICATIONS MONEY ON _____ SHARES AT Rs ____ PER SHARE ALLOTED AS PER DIRECTORS RESOLUTION NO____DATED____TRANSFERED TO SHARE CAPITAL
what entrys return for call in arrers what entrys return for call in arrers
debit cash / bank
credit share capital account
Debit cash / bankCredit share capital
Debit cash / bankCredit share capital
Debit Cash / bankCredit Shares in share capital of business
debit cash / bank 98000credit share capital 98000
debit cashcredit share capitalcredit share premium
Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital
debit share capital accountcredit cash / bank
[Debit] Dividend [Credit] Cash
[debit] cash / bankcredit share capital
Journal Entry method and Memorandum method
debit cash 70000000credit shares in share capital 5000000credit premium on shares capital 2000000
Debit cash / bank / assetsCredit share capital