banner_ad

Accounting entry

This query is : Open 
Profile Image

Profile Image

(Querist)
23 December 2016 Dear Experts,

Date of Incorporation of the Company is 25/02/2016, date of opening bank account is 04/04/2016. Director have deposited the money on account of share capital on 05/042016. I want to know 1) Whether I have to record share capital when i am preparing the balance sheet of f.y. 2015-16, under the head issued, subscribed and paid up capital ?
2) If i have to record then what will be the journal entry as money is given by directors on 05/04/2016 i.e in next financial years. Kindly resolve this query as soon as possible.
Profile Image

Sangam Kothari

Profile Image

Sangam Kothari (Expert)
23 December 2016 Dear Ajay, you are not required to pass the journal entry in FY 2015-16 as this transaction belongs to FY 2016-17 so amount received in bank will be recorded in bank in 2016-17 only
Profile Image

Ajay S.Yadav

Profile Image

Ajay S.Yadav (Querist)
24 December 2016 Thanks to all for your valuable response.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details