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[Debit] Stock account xxxx

[Credit] Capital xxxx

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11y ago

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Related Questions

What is contributed capital?

Capital received from investors for stock, equal to capital stock plus contributed capital. also called contributed capital. also called paid-in capital.


Is Preferred stock contributed capital?

caserated


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 capital stock?

Debit Cash / bank / goods Credit Capital account


Total amount of contributed capital?

This is what I found on internet. Payments made in cash or property to a corporation by its stockholders either to buy capital stock, to pay an assessment on the capital stock, or as a gift. Also called paid-in capital. The contributed or paid-in capital of a corporation is made up of capital stock and capital (or contributed) surplus, which is contributed (or paid-in) capital in excess of http://www.answers.com/topic/par value or http://www.answers.com/topic/stated-value. Donated capital and http://www.answers.com/topic/donated-surplus are freely given forms of contributed (paid-in) capital, but http://www.answers.com/topic/donated-stock refers to fully paid (previously issued) capital stock that is given as a gift to the issuing corporation.


What is the journal entry in the increase of authorized capital stock?

debit Unissued Common Stock credit Authorized Common Stock


What is the journal entry on resale of treasury stock?

[debit] cash / bankcredit share capital


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 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


How has the Nigerian Stock Exchange contributed to the economic development of Nigeria?

it his a form of rasing capital


What is the journal entry for a sale of a 100000 stock?

Debit cash / bank 100000Credit share capital 100000


What is the journal entry for selling 3000 shares of 1 par common stock at 49 per share?

Cash Common Stock Paid in Capital