company issue of shares
This query is : Resolved
asha fernandes
(Querist)
06 September 2008
sir, when the parent company advances money to sub company.there will be a huge credit balance.when sales are booked as per transfer pricing some advances wouldget knocked off. but some of the advances would be towards fixed assets. the entry passed is fixed assets debited and credited .but some amount would have to be transferred to some other account. if so kindly guide me on the above . thaks
CA E.A.Ravikumar
(Expert)
06 September 2008
The caption says the query is regarding issue of shares.
what is the nature of the money you call as " advance" - share application money or something else.
the query is not clear, probably you may detail out thro an example
what is the nature of the money you call as " advance" - share application money or something else.
the query is not clear, probably you may detail out thro an example
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