help me please.....

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2011 I have joined as an accountant of a newly developed builders company.Private limited company.I have experience only in the field of Tds. Now complete accountant's responsibility on me. how to start ,I dont know.Company has 500000 authorized capital.200000 subsribed capital.what amount has to be shown as capital.Necessary ledger accounts in the books of builders firm.

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
Follow

17 January 2011 Authorised Capital means Company is authorised to issue the amount to the eextent of Authorosed Capital.

Subscribed Capital means aperson gas subscribed capital of the Company.

Generally in Private Limited Company, Subcribed and Paid up Capital is same.

The amount of subscribed capital will reflect in the Books.

Message likes : 1 times