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Entry of cash

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 October 2011 what should be the entry for cash brought into the newly incorporated pvt ltd company
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CMA Pravat Kumar Parida

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CMA Pravat Kumar Parida (Expert)
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)
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CA Pushpendra Gaur

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CA Pushpendra Gaur (Expert)
03 October 2011 I agreed to the above expert
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