Company closed shares amount invested
This query is : Open
12 March 2014
Hi
Friends
Example :Mr.X is invested in ABC Company the company is closed but the company not paid any shares amount to Mr.X .
Then how Mr.X can close in his books by passing Journal entry .
Friends
Example :Mr.X is invested in ABC Company the company is closed but the company not paid any shares amount to Mr.X .
Then how Mr.X can close in his books by passing Journal entry .
CA Vivekanand Pote
(Expert)
12 March 2014
Investment in ABC Ltd. must be appearing in the balance sheet of Mr. X. Mr. X holds the share certificate for these shares. Unless he receives bsck his share capital the investment will stand as it is in his books.
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