Credit
Debit all expence and losses. Credit all income and profits.Choose debit/credit based on cash flow.These are to be considered.DebitExpensesAssetsDrawingsCreditLiabilitiesIncomeCapital
The subscribed capital stock account is only issued when fully paid. The initial entry will require a debit to cash and subcription receivable account with a corresponding credit to 'Subcribed Capital Stock' and APIC (add'l paid in capital) if issued above par. Now, when it is presented in the financial statements, the subcribed capital stock will be added to the common stock issued and fully paid. However, the account will also be reduced by the subscription receivable balance. Take note: When the subscription receivable is expected to be paid in the current period, it will presented under trade and other receivables, as a part of current assets.
Common stock dividends distributable is an equity account and it has a normal credit balance. It is added to capital stock on the balance sheet.
debit cashdebit promotional feecredit share capital
dividends are the payments made from the profits in which a person owns stock, and capital gain is the increase in value of a capital asset.
credit
[Debit] Stock account xxxx [Credit] Capital xxxx
debit Unissued Common Stock credit Authorized Common Stock
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
Debit Cash / bank / goods Credit Capital account
Yes capital stock has credit balance as a normal balance so increase is also has credit balance.
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.
Common Stock is a Credit. Closing Stock is a Debit.
Debit Cash / bank Credit share capital account
Common stock is a portion of capital of company and capital has a credit balance that's why common stock also has a credit balance and shown under owner's equity portion under liability side of balance sheet
[Debit[ Treasury stock [Credit] Cash / bank / Goods
Common stock has a credit normal balance so with debit it reduces while with credit it increases.