Hi
let me know for entry for issuance of shares through cash
Cash a/c DR
To share capital a/c
2 Replies
satish
(teaching)
(2046 Points)
Replied 30 March 2018
at the time of issue of shares company can collect share issue price either in lumpsum or in installment also.
if in lumpsum
1. on receipt of application money
BANK A/C DR.
TO EQUITY SHARE APPLICATION MONEY
2. ON ALLOTTMENT OF SHARES
EQUITY SHARE APPLICATION MONEY DR.
TO EQUITY SHARE CAPITAL
if receipt share money in number of installments (like at the time of application, allottment and balance in further calls)
1. ON RECEIPT APPLICATION MONEY
BANK A/C DR.
TO EQUITY SHARE APPLICATION MONEY
2. ON ALLOTTMENT OF SHARES
EQUITY SHARE APPLICATION MONEY DR.
TO EQUITY SHARE CAPITAL
3. ON CALL FOR ALLOTTMENT MONEY
EQUITY SHARE ALLOTTMENT A/C DR.
TO EQUITY SHARE CAPITAL
4. ON RECEIPT OF ALLOTTMENT MONEY
BANK A/C DR.
TO EQUITY SHARE ALLOTTMENT A/C
5. ON CALL FOR FIRST AND FINAL CALL MONEY
EQUITY SHARE FIRST AND FINAL CALL A/C DR
TO EQUITY SHARE CAPITAL A/C
6. ON RECEIPT OF FIRST AND FINAL CALL MONEY
BANK A/C DR.
TO EQUITY SHARE FIRST AND FINAL CALL A/C
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