HELP ME PLZ...what journal entry to be passed ?
This query is : Resolved
CA Abhishek Singh
(Querist)
25 May 2011
one of our client started a pvt ltd company having share capital rs.100,000/-. date of incorporation 01/06/2010.
1. before this date he had paid for office furniture rs.100,000/-, laptop rs.50000/-, shop deposit Rs.100000/-.
2. on 01/08/2010 he deposited rs.100000/- from his personal account into company bank account.
what entry should be passed for these transaction.
1. before this date he had paid for office furniture rs.100,000/-, laptop rs.50000/-, shop deposit Rs.100000/-.
2. on 01/08/2010 he deposited rs.100000/- from his personal account into company bank account.
what entry should be passed for these transaction.
Akhil Agrawal
(Expert)
25 May 2011
Furniture Dr. 100000
Laptop Dr. 50000
Shop Deposit Dr. 100000
Loan Cr. 250000
Bank Ac Dr 100000
Share Capital Cr. 100000
Laptop Dr. 50000
Shop Deposit Dr. 100000
Loan Cr. 250000
Bank Ac Dr 100000
Share Capital Cr. 100000
12 June 2011
Furniture Dr. 100000
Laptop Dr. 50000
Shop Deposit Dr. 100000
Loan From S/H Cr. 250000
Bank Ac Dr 100000
Loan From S/H Cr 100000
Assuming on 01/06/2010 share capital entry is already passed
Laptop Dr. 50000
Shop Deposit Dr. 100000
Loan From S/H Cr. 250000
Bank Ac Dr 100000
Loan From S/H Cr 100000
Assuming on 01/06/2010 share capital entry is already passed
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