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How do you prepare a double entry 4 a share capital and share premium account?
Wiki User
∙ 10y ago
1. When cash received
[Debit] Bank/Cash xxxx
[Credit] Share application xxxx
when shares allotted
[Debit] Share application xxxx
[Credit] Share capital (face value) xxxx
[Credit] Share premium [value above face] xxxx
Wiki User
∙ 10y ago
Akremi Faycel
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Give examples for goodwill in double entry?
DR goodwill account CR capital account
What account would be double ruled in the ledger as part of the closing process?
When in accounting the owners capital would be double ruled in the ledger as part of the closing process.So the correct answer will be Owners Capital
WhAT IS THE Difference between double account system and double entry system?
The difference between double account system and double entry systems are noted below: 1. Double account system is necessary only for Govt. service rendering org. but double entry system is applicable for all types of org. 2. In double account system balance sheet is divided into two part ie; Capital Account, and general balance sheet but in double entry system only one balance sheet is prepared.
What is the Difference between single and double entry system?
So far as I know, Double Entry System and Double Account are not differing in the essential character. They only differ in the way the information is presented. What is presented in Double entry system as profit and loss account is presented in Double account system as Revenue account, Profit and Loss Appropriation account as Net revenue account and what is called Balance sheet is segregated into General balance sheet and Receipts and Expenditure on capital account. The difference in the presentation is also due to the fact that the two systems of accounting serve differing purposes. Double entry places emphasis on the Profits and losses and results of operations while Double account places emphasis on whether adequate provisions are made and whether reserves are sufficient.
What is a double entry account?
Contra entry
Where is a drawings account recorded in double entry booking?
It would be a credit to bank and a debit to the capital account. Most of the time there will be a drawings account, but it will be by the capital in the balance sheet.
Give examples for goodwill in double entry?
DR goodwill account CR capital account
What account would be double ruled in the ledger as part of the closing process?
When in accounting the owners capital would be double ruled in the ledger as part of the closing process.So the correct answer will be Owners Capital
WhAT IS THE Difference between double account system and double entry system?
The difference between double account system and double entry systems are noted below: 1. Double account system is necessary only for Govt. service rendering org. but double entry system is applicable for all types of org. 2. In double account system balance sheet is divided into two part ie; Capital Account, and general balance sheet but in double entry system only one balance sheet is prepared.
How do you rectify the errors by passing journal entries and prepare a suspense account?
Errors can be rectify by adjusting the previously made journal entries as per the errors found and suspense account is created when there is some confusion or information missing without which it is not possible to prepare full double entry so that suspense account is used there to temporarily complete the transaction.
What is the Difference between single and double entry system?
So far as I know, Double Entry System and Double Account are not differing in the essential character. They only differ in the way the information is presented. What is presented in Double entry system as profit and loss account is presented in Double account system as Revenue account, Profit and Loss Appropriation account as Net revenue account and what is called Balance sheet is segregated into General balance sheet and Receipts and Expenditure on capital account. The difference in the presentation is also due to the fact that the two systems of accounting serve differing purposes. Double entry places emphasis on the Profits and losses and results of operations while Double account places emphasis on whether adequate provisions are made and whether reserves are sufficient.
Capital city of Republic of island?
double land
What is a double entry account?
Contra entry
Double account system?
Type your answer here double accout system is the system where all the entry has to be kept as a double. ...
What is Ariana Grande nick name?
She ain't got a oovoo account
How do you do double entry on bad debts recovered?
before you do the double entry for the bad debts recovered, you have reinstate the debt by making the following entries:- Dr. debtors account Cr. bad debts recovered account after this you will have to the double entry for this:- Dr.cash or bank Cr. debtors account that's all u have to do!!
What is the double entry when a bad debt is recovered?
before you do the double entry for the bad debts recovered, you have to reinstate the debt by making the following entries:- Dr. debtors account Cr. bad debts recovered account after this, you will have to do the double entry for this:- Dr.cash or bank Cr. debtors account that's all u have to do!!
