Querry regarding paid up capital

A/c entries 644 views 1 replies

Please suggest me Can we use non cash consideration (such as Fixed Assets) to increase the paid-up capital of our company? If yes, how and what would be the journal entries for this?

 

Thanks in advance

 

Replies (1)

Do you mean to say that the co has puchased the FA against exhange of shares?


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