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What is the journal entry to record initial called-up equity share capital?
Called up share capital a/c Dr. To share Forfiture A/c To Unpaid Call Amount A/c
What is called up share capital?
Called up capital is the amount for which company offers the public for initial subscription and this is the amount company is expecting to get for start of business. On that initial called up offer public sends applications and if applications for more than that capital is received then extra applications are refused
Is share premium paid part of paid up capital?
Yes share premium paid is part of paid up capital and shown separately as share premium account in equity section of balance sheet.
What is the journal entry for Share capital and Paid up Capital?
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
How you calculate the paid up capital?
The paid up capital = Number of authorised shares x nominal value per share
What is the journal entry to record initial called-up equity share capital?
Called up share capital a/c Dr. To share Forfiture A/c To Unpaid Call Amount A/c
What is called up share capital?
Called up capital is the amount for which company offers the public for initial subscription and this is the amount company is expecting to get for start of business. On that initial called up offer public sends applications and if applications for more than that capital is received then extra applications are refused
Is share premium is part of paid up capital?
No, share value at par is considered while calculating paid up capital.
What is subscribed capital?
The individual subscribed share value and liability of the total share capital of a company. In detail: Par value of that part of the authorized share capital which has been issued (sold) as shares-whether their purchasers (shareholders) have paid for them or not. A firm can, at any time, issue new shares up to the full amount of authorized share capital. Also called subscribed capital, issued share capital or subscribed share capital.
Does the paid-up capital include preference capital or only equity capital?
Paid in capital includes the preference share capital as well as common share capital as well.
Why capital is a liability?
I dont rregard it as a liability because as this money cannot be called up by share holders how could it be regarded as capital can any one answer it?
What is the formula for calculating called up capital?
called-up capital
Is share premium paid part of paid up capital?
Yes share premium paid is part of paid up capital and shown separately as share premium account in equity section of balance sheet.
What is the journal entry for Share capital and Paid up Capital?
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
Definition of paid up capital stock?
Paid up capital stock is that share capital for which investors or shareholders has made full payment to acquire them.
What is paid up capital?
It is Par Value of share issued
What is the journal entry for paid up capital?
Debit cash / bank / assetsCredit share capital
