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Investment in share capital

This query is : Resolved 
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(Querist)
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.
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CA R SEETHARAMAN

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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.
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