J/e
This query is : Resolved
aayush khandelwal
(Querist)
10 October 2013
Plz...let me the journal entry when shares are issued to promoters of a co.
is it : goodwill a/c dr.
To eq. sh. cap. a/c
CA Pallav Singhania
(Expert)
10 October 2013
Yes, its correct..
Goodwill account is debited on the assumption that promoter’s function has resulted in forming the company into profitable unit.
Goodwill account is debited on the assumption that promoter’s function has resulted in forming the company into profitable unit.
10 October 2013
Goodwill a/c......Dr. ***** To share capital *****
To securities premium *****
To securities premium *****
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