Entry for ipo subscription

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 December 2015 Sirs,

We have paid Rs 80.325.00 towards initial public offering Subscription. Now we got a intimation letter about refund. our bank credited same amount that Rs.80325.00

what is the entries for both case??

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)
Follow

05 December 2015 At The time of IPO Payment

Share Application _________ Dr. Rs. 100
To Bank Cr.Rs. 100

(Applied for shares of x company at rate )

At the time of IPO Refund

Bank a/c Dr. Rs. 100

To Share application Rs. 100

(No Share alloted so refund received )