03 August 2021
WE HAVE REGISTERED ONE PRIVATE LIMITED COMPANY WITH CAPITAL OF RS. 1 LAC. TOTAL 4 DIRECTORS SUBSCRIBED 25000 EACH GIVING 25000 CHQ IN THE NAME OF PRIVATE LIMITED COMPANY. . WHAT ARE THE JOUNRAL ENTRIES WE HAVE TO PASS IN BOOKS OF ACCOUNTS. WHETHER HAVE TO CREATE FRIST DIRECTORS ACCOUNTS UNDER SHARE CAPITAL (LIABILITY) AND THEN HAVE TO PASS ENTRIES BANK ACCOUNT DR. 100,000/- A'S DIRECTOR SHARE CAPITAL 25000 CR B'S DIRECTOR SHARE CAPTIAL 25000 CR C'S DIRECTOR SHARE CAPITAL 25000 CR D'S DIRECTOR SHARE CAPITAL 25000 CR IS THIS RIGHT ENTRY?
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