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What are the journal entries for issuing 45000 shares of common stock in exchange for land and building?
debit land and building 45000credit shares in share capital 45000
100000 shares have par value 5 they are issued for 25 on march1 2005 journal entries?
[Debit] Cash / bank 2500000 Credit Share capital 500000 Credit Share premium 2000000
What are the difference of journal entry method and memorandum method in share capital?
The journal entry method records transactions directly in the accounting books using standard debit and credit entries, reflecting the immediate impact on the financial statements. In contrast, the memorandum method involves maintaining a separate record or memorandum for share capital transactions, which may not be immediately recorded in the main accounting system. The memorandum method is often used for informational purposes or for tracking unissued shares, while the journal entry method provides a more formal and immediate accounting treatment. Ultimately, the choice between the two methods depends on the company's accounting policies and the level of detail required.
What is the journal entry of Share issue at par?
Debit cash / bankCredit share capital
How do you journalize entries for the stock issuances?
Debit Cash / bank Credit share capital account
What are the journal entries for issuing 45000 shares of common stock in exchange for land and building?
debit land and building 45000credit shares in share capital 45000
100000 shares have par value 5 they are issued for 25 on march1 2005 journal entries?
[Debit] Cash / bank 2500000 Credit Share capital 500000 Credit Share premium 2000000
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 journal entry for share capital paid?
debit share capital accountcredit cash / bank
1000 Shares are reissued rs 10. at 2 percent discount .give journal entries?
Debit cash / bank 9800debit discount allowed 200Credit share capital 10000
What are the difference of journal entry method and memorandum method in share capital?
The journal entry method records transactions directly in the accounting books using standard debit and credit entries, reflecting the immediate impact on the financial statements. In contrast, the memorandum method involves maintaining a separate record or memorandum for share capital transactions, which may not be immediately recorded in the main accounting system. The memorandum method is often used for informational purposes or for tracking unissued shares, while the journal entry method provides a more formal and immediate accounting treatment. Ultimately, the choice between the two methods depends on the company's accounting policies and the level of detail required.
Share issue journal entry?
Debit cash / bankCredit share capital
What is the journal entry of Share issue at par?
Debit cash / bankCredit share capital
What is the journal entry for paid up capital?
Debit cash / bank / assetsCredit share capital
How do you pass journal entry for loan received to introduce capital?
Debit cash / bankCredit share capital
How do you journalize entries for the stock issuances?
Debit Cash / bank Credit share capital account
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.
