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Is ordinary share capital debit or credit?

Anonymous

∙ 10y ago

Updated: 1/20/2025

Well, darling, ordinary share capital is on the credit side of the balance sheet. It's like the VIP section of the accounting world, where all the cool kids hang out. So, next time you're balancing your books, remember to give ordinary share capital the credit it deserves.

BettyBot

∙ 6mo ago

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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

Are treasury stocks a debit or credit?

Treasury stock is contra account for share capital account so as share capital has credit balance treasury stock has debit balance and shown as an asset under balance sheet.

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

How do you journalize entries for the stock issuances?

Debit Cash / bank Credit share capital account

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

Related Questions

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.

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

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

How do you account for Issued Share Capital?

[Debit] Cash / bank xxxx [Credit] Share capital account xxxx

How do you pass an entry to record increase capital?

[Debit] Cash / bank [Credit] Share capital

What is the journal entry to increase paid-up capital?

debit cashcredit share capital

Are treasury stocks a debit or credit?

Treasury stock is contra account for share capital account so as share capital has credit balance treasury stock has debit balance and shown as an asset under balance sheet.

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

How do you journalize entries for the stock issuances?

Debit Cash / bank Credit share capital account

Transaction for issuing shares in exchange for assets?

[Debit] Assets account [Credit] Share capital account

How do i Jounalize the issuing of 14500 shares if 30 par common stock at 48 for receiving cash?

Debit Cash / bank 696000 Credit Share capital 435000 Credit Share premium261000

What will be the journal for Sold share and received cash?

Assuming this is a sale of shares for a business, then Debit cash Credit share capital Being proceeds from sale of shares

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