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cash a/c dr capital a/c cr
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What is Certificate of commencement of business?
Certificate of commencement of business:A private limited company can commence business on receipt of certificate of incorporation. A public company has, however, to wait to commence business till a certificate of commencement of business is received from the registrar of the joint stock companies. The certificate of commencement of business is granted on fulfilling the following a few other requirements:- 1) Where prospectus has been issued inviting the public on subscribe for shares. 2) Shares payable in cash have been allotted to the amount of minimum subscription. 3) Every director of the company has paid the full amount of the shares payable in cash. 4) There is no money liable to be paid to applicants for shares which have been offered for subscription. 5) A statutory declaration by the chief executive or one of the directors and the security that the aforesaid conditions have been compared with. The registrar on being fully satisfied that: 1- The verified declaration has been filed. 2- All other requirements of the ordinance have been compiled with. Will issue a certificate called, "certificate of commencement of business". On receipt of this certificate a company is entitled to commence business. A company which has not issued a prospectus shall have to file a statement in lieu of prospectus for getting the certificate of commencement of business.
What are mode of entry into foreign market?
The mode of entry into foreign market is through legal path, whereby you do all the registration of the business.
How can you expand your business to incorporate outbound tourism?
Study the sample almanac entry on page 9. If you were a business owner planning to expand internationally, which three pieces of data would you rely on most to select a country in which to do business? Why?
What are the risks involved in the clothing business?
Small margins and high turnover rates in employment are some risks in the clothing business. Additionally, low barriers to entry makes competing challenging.
What is full form of iod cc?
(IOD) - Intimation of Disapproval (CC) - Commencement Certificate .
Why you are passing journel entry?
To maintain accounts
What is the journel entry for commission receivable?
current asset
What is the journel entry for commission paid?
Commission Paid A/c Dr To Cash/Bank A/c Cr
What has the author Pierre Journel written?
Pierre Journel has written: 'Sens et pratique de la semaine sainte'
What is nother word for a diary?
journel
What is preoperative expenses?
Incurred expenses before company formation after commencement of business
Which president wrote an outdoor journel?
carter
What has the author A G Journel written?
A. G. Journel has written: 'Evaluation of mineral reserves' -- subject(s): Mines and mineral resources, Mining geology, Statistical methods, Valuation
When is journal entry made?
Journal entry is made as soon as when any business transaction occur in business.
What is Certificate of commencement of business?
Certificate of commencement of business:A private limited company can commence business on receipt of certificate of incorporation. A public company has, however, to wait to commence business till a certificate of commencement of business is received from the registrar of the joint stock companies. The certificate of commencement of business is granted on fulfilling the following a few other requirements:- 1) Where prospectus has been issued inviting the public on subscribe for shares. 2) Shares payable in cash have been allotted to the amount of minimum subscription. 3) Every director of the company has paid the full amount of the shares payable in cash. 4) There is no money liable to be paid to applicants for shares which have been offered for subscription. 5) A statutory declaration by the chief executive or one of the directors and the security that the aforesaid conditions have been compared with. The registrar on being fully satisfied that: 1- The verified declaration has been filed. 2- All other requirements of the ordinance have been compiled with. Will issue a certificate called, "certificate of commencement of business". On receipt of this certificate a company is entitled to commence business. A company which has not issued a prospectus shall have to file a statement in lieu of prospectus for getting the certificate of commencement of business.
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
Why do you pass an journal entry?
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
