0
Capital stock is considered a permanent account. Permanent accounts are ones which hold financial information for multiple accounting periods. Capital stock remains in an account until an accountant moves it to another account, which means that it is permanent.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How much does a stock cube weigh?
One chicken stock cube weighs about 5 grams or 0.17 ounces.
What is that really thick paper called?
card stock
What is an actionary?
An actionary is a shareholder in a joint-stock company.
If you need to aliquot 4ug of your DNA from 2ugul stock what volume do you require?
(4ug) / (2ug/ul) = 2ul You need to take 2ul of your stock solution in order to get 4ug of DNA.
What is stock symbol direct energy?
direct energy is owned by centrica
What type of account is capital stock?
Capital Stock is an equity account. You may think of equity as ownership.
What would be the entry on subscribed capital stock?
Generally in the format of: Cash (cash paid up front) Common Stock Subscribed Receivable (remaining amount due) Common Stock Subscribed (Temporary 'Legal Capital' Account) Additional Paid In Capital - Common When fully paid, post: Cash (cash paid) Common Stock Subscribed Receivable Common Stock Subscribed Common Stock
What is journal for stock contributed as capital?
[Debit] Stock account xxxx [Credit] Capital xxxx
How many classifications does a Capital Stock Account have?
One.
How do you account for sale of company stock by owner?
capital transaction
What is the journal entry for capital stock?
Debit Cash / bank / goods Credit Capital account
Is treasury stock included in common equity?
Treasury stock is contra to share capital account as it is those shares which company purchase from own capital to reduce the share capital amount.
Is subscribed capital stock added or deducted on capital stock?
The subscribed capital stock account is only issued when fully paid. The initial entry will require a debit to cash and subcription receivable account with a corresponding credit to 'Subcribed Capital Stock' and APIC (add'l paid in capital) if issued above par. Now, when it is presented in the financial statements, the subcribed capital stock will be added to the common stock issued and fully paid. However, the account will also be reduced by the subscription receivable balance. Take note: When the subscription receivable is expected to be paid in the current period, it will presented under trade and other receivables, as a part of current assets.
Are treasury stocks a debit or credit?
Treasury stock is contra account for share capital account so as share capital has credit balance treasury stock has debit balance and shown as an asset under balance sheet.
What was the Capital for the first permanent English settlements in America was raised through what?
establishment of joint-stock companies
Is an increase in Capital Stock a credit in the normal balance of an account?
Yes capital stock has credit balance as a normal balance so increase is also has credit balance.
A firm has 1000000 in its common stock account and 2500000 in its paid-in capital account The firm issued 100000 shares of common stock What was the original issue price if only one stock iss?
10
