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Sweat Equity

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(Querist)
05 October 2009 Dear all,

Can some one give me the journal entries while creating sweat equity to promoters. What is its impact on P/L A/C.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
22 December 2009 Bank A/c Dr

To Share Capital
To Security Premium

No effect on Profit and Loss A/c

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