Directors/promoters have incurred preliminary expense from their own bank account.(since company is not in exist)
my doubt is wat is the jounal entry the company will pass to ratify the preliminary expense in companies books.
Menu
Ractification of preliminary expense
Replies (2)
you can adjust the money from the amount payable by the sigantories of the memorandum towards the capital they need to contibute.
Preliminary expenses A/c-- Dr
to Share Capital A/c
Thanks Sir
Recent Topic
- Itr 3 and itr 4 last dates?
- Indexation v/s non indexation for capital gains
- Query for practicing CAs — how does your fir
- Treatment of NPS arrears in form 10E / ITR
- Sale of shares from non resident
- SEC 10(10CC) - TAX PAID BY EMPLOYER ON NON-MONETAR
- Buy back of shares
- Capital gain and federal tax withholding
- TIS amount
- Reimbursed income
Related Topics
CAclubindia
