how can we treat the entries of share capital in a/c in pvt ltd company if we get the payment in director saving bank a/c?
i dont want to include the sb a/c in the books.
irfan khan (director) (38 Points)
10 August 2010how can we treat the entries of share capital in a/c in pvt ltd company if we get the payment in director saving bank a/c?
i dont want to include the sb a/c in the books.
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 14 August 2010
Transfer the amount deposited into the saving bank account of Director to the private limited company.
Now pass the journal entries relating to share application money in the books of private limited company.
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 14 August 2010
pass the following entry :
Loan to Director A/c -------------------------Dr.
To Share Capital A/c
Regards,
Manoj
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