Debit capital expenditure
Credit cash / bank
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.
the Journal entry for Additional capital brought to business partner Capital A/c Dr. To Partner Capital A/c
capital
Journal entry for opening a bank account
Debit cash / bankCredit paid in capital
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.
the Journal entry for Additional capital brought to business partner Capital A/c Dr. To Partner Capital A/c
capital
Journal entry for opening a bank account
Debit cash / bankCredit paid in capital
Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital
debit share capital accountcredit cash / bank
Debit Cash / bank / goods Credit Capital account
Debit cash / bank / assetsCredit share capital
debit cashcredit capital
[Debit] Interest on capital account xxxx [credit] Capital account xxxx
premium remained in capital projects fund, is there an journal entry for this