CS BHAVIK HARSHAD SHAH (Company Secretary) (1662 Points)
13 June 2013Hello Friends,
Please tell me which entry should we passed?
Their are two compnies i.e A & B
On behlaf of B company, A company paid Earlier formation Expenses i.e on F Y 12-13 PAid the Expenses.
Now B Company wants to regosnised the Formation Company SO which entry should we passed.
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 13 June 2013
In A Co's books entry will be as below:
B Co A/c Dr
To- Bank/Cash
In B Co's Books entry will be as follows:
Formation Exp(under Assets) Dr
To- A Co
At the time of pymt entry will be as follows:
A Co Dr
To- Bank
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