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Forefiture of shares issued at par:-
Share capital A/c Dr.
To share allotment A/c
To Share Call A/c
To share forfeiture A/c
(Forfeiture of shares issued at par)
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∙ 11y ago
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How do you prepare a journal entry for purches of shares?
Debit shares in companyCredit cash /bank
What is the journal entry of issue of shares?
Debit Cash / bankCredit Shares in share capital of business
What entry made in shareholders books after getting bonus shares?
A credit entry is made in a shareholder's books after getting bonus shares. The normal balance for equity holdings is a credit balance.
What is the accounting entry for booking pledged shares of a company in exchange for a loan?
The bookkeeping entry is just a loan entry: Debit Cash and Credit Loan Payable. The shares are simply used as collateral or security on the loan. This pledge would be disclosed in a footnote to the financial statement.
What is the entry of bonus share shares 100000 1 bonus shares for every 5 shares now what is the acquesition cost?
cash (100000x5) 500,000 capital stock(100,000x5) 500,0000
What is forfeiture share?
Failure of call money for share holder its calld"forfeiture of shares"
If forfeiture share is reissued at premium then why security premium is credited?
in case the shares have been issued at a premium and the amount of premium has been received then at the time of forfeiture of such share
How do you complete an entry for 2000 shares at 9?
How do you complete an entry for 2000 shares at 9?
What is the meaning of forfeiture of shares how are shares forfeited can forfeited share be reissued at discount?
When a share is forfeited, then the shareholder no longer owes any remaining balance, he/she surrenders any potential capital gain on the shares and shares become the property of the issuing company.
Discuss in detail the law and practice regarding forfeiture of share and the reissue of forfeited shares?
When a shareholder forfeits or is unable to meet his duties as a shareholder, his shares can be taken from him by other shareholders. Then the shares can be advertised to be transferred to another person.
What is the entry of bonus share shares 100000 1 bonus shares for every 5 shares?
No need to pass any Entry Because u need not to pay any amount in respect of such Shares,Just increase the no. of Shares. Ok SONU BHOJWANI No need to pass any Entry Because u need not to pay any amount in respect of such Shares,Just increase the no. of Shares. Ok SONU BHOJWANI
How do you prepare a journal entry for purches of shares?
Debit shares in companyCredit cash /bank
What are the accounting entries for free shares?
You would make the journal entry the same way you would make it if they were not free shares. You would use the estimated or known value of the free shares to make the entry.
What is the journal entry of issue of shares?
Debit Cash / bankCredit Shares in share capital of business
What entry made in shareholders books after getting bonus shares?
A credit entry is made in a shareholder's books after getting bonus shares. The normal balance for equity holdings is a credit balance.
How do you deal with oversubscription of shares and what will be the accounting entry?
Based on australian standards. Dr application of shares Cr Cash Trust
What is the accounting entry for booking pledged shares of a company in exchange for a loan?
The bookkeeping entry is just a loan entry: Debit Cash and Credit Loan Payable. The shares are simply used as collateral or security on the loan. This pledge would be disclosed in a footnote to the financial statement.
