Entry of cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2011
what should be the entry for cash brought into the newly incorporated pvt ltd company
03 October 2011
The first entry of cash received for a pvt ltd co is made by its pramoters etc , who want to purchase share of the company.so the entry will be as follows:
Cash A/c Dr
To Share Application Money a/c
(Being Share application money received)
Cash A/c Dr
To Share Application Money a/c
(Being Share application money received)
03 October 2011
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