Entry for ipo subscription
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2015
Sirs,
We have paid Rs 80.325.00 towards initial public offering Subscription. Now we got a intimation letter about refund. our bank credited same amount that Rs.80325.00
what is the entries for both case??
We have paid Rs 80.325.00 towards initial public offering Subscription. Now we got a intimation letter about refund. our bank credited same amount that Rs.80325.00
what is the entries for both case??
CA Mehta Ankur N.
(Expert)
05 December 2015
At The time of IPO Payment
Share Application _________ Dr. Rs. 100
To Bank Cr.Rs. 100
(Applied for shares of x company at rate )
At the time of IPO Refund
Bank a/c Dr. Rs. 100
To Share application Rs. 100
(No Share alloted so refund received )
Share Application _________ Dr. Rs. 100
To Bank Cr.Rs. 100
(Applied for shares of x company at rate )
At the time of IPO Refund
Bank a/c Dr. Rs. 100
To Share application Rs. 100
(No Share alloted so refund received )
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