If the deposit for shares does not meet the definition of liability i.e. there is no obligation to pay back then it should be treated as equity.
If the deposit for shares does not meet the definition of liability i.e. there is no obligation to pay back then it should be treated as equity.
If the deposit for shares does not meet the definition of liability i.e. there is no obligation to pay back then it should be treated as equity.
I received rental refundable deposit back, how i treat in account and what type of head is it.......
it is not included since the bank is already closed
Its a liability, an amount your company owe to that customer.
You have to deal with special legal issues. Having a business lawyer help deal with the procedures and help out.
check
It may be cash on Deposit or delivery
Weighted average number of shares = shares outstanding at start of year + shares at end of year / 2
Even if the account is closed, the cash inside of the account is still considered an asset and no accounting entries are necessary. If a new account is opened, the new account is debited the cash balance and the old account is credited.
fixed deposit A/c dr. to int on fixed deposit
calcium deposit over eye