Hasan (Branch Supervisor) (42 Points)
28 April 2009Dear Friend I am in help of Yours
Kindly tell me
What Entries should be passed for Following Transactions
1) A Person gives cheque for filling up of IPO say 25000 & Gets share alloted of Rs. 15000 and get back Rs. 10000/-.
2) A person Buy share & paid Cheque to Broker.
What entire entries shud be made for above transactions.
Thanks
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 28 April 2009
Please tell "In the books of .........."
Hasan
(Branch Supervisor)
(42 Points)
Replied 29 April 2009
| Originally posted by :CA CS* Prakash Somani (A helping Hand) | ||
| " | Please tell "In the books of .........." | " |
In the Book of Buyer
Rahul Chobdar
(Chartered Accountant (Financial Management))
(561 Points)
Replied 29 April 2009
hi hasan!
Assuming in the Books of the Subscriber,
First Situation
1. Entry
Share Application A/c. Dr. 25000
To Bank A/c. 25000
2. Entry
Investment in shares of . . . . . . . Ltd. A/c. Dr. 15000
Bank A/c. Dr. 10000
To Share Application A/c. 25000
Second Situation
1. Entry
Investment in shares of . . . . . . . Ltd. A/c. Dr.
To Bank A/c.
Assuming paid on spot to Broker
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 30 April 2009
totally Agree with Rahul
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