company issue of shares

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asha fernandes (Querist)
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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

CA E.A.Ravikumar (Expert)
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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