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It is long term fund, commonly known as Capital account.
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What is the journal entry for Share capital and Paid up Capital?
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
How do you make journal entries in share capital transactions?
Debit Cash / bankCredit share application accountDebit Share Application accountcredit share capital account
Is share premium account and share application money same?
Share premium account is that amount in which amount in excess of par value of shares is received while share application accounts records all money received from potential investors in process of share issue.
How do you prepare a double entry 4 a share capital and share premium account?
1. When cash received[Debit] Bank/Cash xxxx[Credit] Share application xxxxwhen shares allotted[Debit] Share application xxxx[Credit] Share capital (face value) xxxx[Credit] Share premium [value above face] xxxx
What is the nature of account receivable?
Account receivable is an asset
What is a share in financial accounting and what are the journal entries for the shares?
When applications received Debit Cash account Credit Share applicant account [debit] Share applicant account [Credit] Share application account When share allocated [Debit] Share application account [Credit] share capital account
What is the journal entry for Share capital and Paid up Capital?
[Debit] Cash account xxxxx [Credit] Share application account xxxxx Entry 2 [Debit] Share Application account xxxxx [Credit] Share Capital Account xxxxx
Is share application a personal account or not?
yes
How do you make journal entries in share capital transactions?
Debit Cash / bankCredit share application accountDebit Share Application accountcredit share capital account
Is share premium account and share application money same?
Share premium account is that amount in which amount in excess of par value of shares is received while share application accounts records all money received from potential investors in process of share issue.
Why are the general journal entries for subscriber shares generally 1 Subscribers debit Share capital credit 2 Bank debit Subscribers credit Why do subscribers have a debit nature?
First entry is: [Debit] bank [Credit] Share application 2nd entry: [Debit] Share application [Credit] subscriber 3rd entry [Debit] subscriber [Credit] Share capital Subscriber is debit to write off the subscriber account.
How do you prepare a double entry 4 a share capital and share premium account?
1. When cash received[Debit] Bank/Cash xxxx[Credit] Share application xxxxwhen shares allotted[Debit] Share application xxxx[Credit] Share capital (face value) xxxx[Credit] Share premium [value above face] xxxx
Is a share account also known as a checking account?
No. A share account is essentially a savings account...
Journal entry for the issue of share?
bank A/C Dr To Share Applications A/C (APPLICATION MONEY FOR_____ SHARES@Rs _____per share received share application a/c Dr TO SHARE CAPITAL A/C (APPLICATIONS MONEY ON _____ SHARES AT Rs ____ PER SHARE ALLOTED AS PER DIRECTORS RESOLUTION NO____DATED____TRANSFERED TO SHARE CAPITAL
Where to get kannur airport share application?
share totel share equaily
What are share application monies?
Share application monies are the cash received by an enterprise issuing shares by people who are interest to become share holders of that enterprise.
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