Investment in share capital
This query is : Resolved
17 March 2023
I Paid Rs. 10 Lakh as an advance to a company that is not listed company and thereafter company allotted shares .
How to pass Journal entry while making payment and latter allotted of shares .
In the books of individuals.
How to pass Journal entry while making payment and latter allotted of shares .
In the books of individuals.
CA R SEETHARAMAN
(Expert)
18 March 2023
While making payment show it as advance towards share allotment.
After allotment show it as investment in shares.
After allotment show it as investment in shares.
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