0
1. For stock split there is no general entry passed as there is no change in the value of stocks just change in the number of shares.
Example:
If you have 10 shares of $10 each then total value is $100, if company decide to Split 2 to 1 then 10 became 20 shares of value of $100, so unit value is reduced to $5 each share but no change in the total value of shares.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
How do you get the stock dividends in a journal entry?
debit stock dividendcredit dividend income
What is the journal entry of the opening stock?
opening stock is the stock at the end of previous year which is being carried forward to next year. so it is treated as opening balance (asset) n the following journal entry will b passed opening stock Dr. to liabilities *if liabilities are not there then capital is to be credited
What is the Journal entry for opening stock?
don t known
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
How do you get the stock dividends in a journal entry?
debit stock dividendcredit dividend income
What is the journal entry of the opening stock?
opening stock is the stock at the end of previous year which is being carried forward to next year. so it is treated as opening balance (asset) n the following journal entry will b passed opening stock Dr. to liabilities *if liabilities are not there then capital is to be credited
Journal entry for adjusting closing stock with purchases?
what is entry of closing stock in p & L a/c & balance sheet
What is the Journal entry for opening stock?
don t known
What is the journal entry for theft of stock?
debit theft of stockcredit inventory / stock account
Will an increase in common stock require a journal entry?
Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital
What is a journal entry to buy equipment with common stock?
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
What is the journal entry for declared dividends?
No journal entry for stock option until that stock option is not utilized by the employees or any person with stock option available to them.
What is the journal entry for unsubscribe capital stock?
There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.
What is the journal entry for repurchasing common stock as treasury stock?
Debit treasury stockCredit cash / bank
