PLEASE EXPLAIN ME MEANING OF PAID STOCK.
IT MEANS STOCK LESS CREDITORS????
MY CLIENTS CC CONDITION IS 25% OF PAID STOCK & 50% OF DEBTORS
SO I WANT TO KNOW THAT WHAT MENAS BY PAID STOCK
3 Replies
MAHESH GARG
(AUDIT EXECUTIVE)
(334 Points)
Replied 07 January 2013
Yes it means Stock in hand minus creditors.
Abhimanyu Bind
(CA Final Student & Audit Assitant)
(2051 Points)
Replied 07 January 2013
Well, I never heard about the term "PAID STOCK" related with our goods or FINISHED GOODS anyhow.
What I understand with PAID STOCK is,
it is PAID UP CAPITAL, that means the total amoutn paid by the SHARE HOLDERS against the Equity or Preferance Shares issued to them.
Let wait for other answers also.
Regards,
Abhi
CHIRAG DEEPAK GANATRA
(CA FINAL)
(1054 Points)
Replied 07 January 2013
thanx mahesh
but if stock is 4000000/- and creditors is 8000000/-
then negative ans comes...
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