Foreign shareholding

607 views 1 replies

Hi.. An Indian company's entire shareholding is held by 2 foreign nationals (individuals).. The company was incorporated in the financial year 2012-13.. However, the paid up capital was not received in the company's bank account as of 31st MArch 2013 whereas it was received in the month of April 2013.. When closing the books for the financial year 2012-13, what are the acounting entries to be passed? How will this reflect in the books of account as of 31st March 2013.. Any help is appreciated.. Thank you

Replies (1)

Issue of shares a/c Dr 

To Share Capital A/c

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details