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JOURNAL ENTRIES SHARES SUBSCRIBED BY DIRECTORS IN PRIVATE LIMITED COMPANY.

This query is : Resolved 
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(Querist)
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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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 August 2021 It's,
Bank account dr 1,00,000
To share capital account cr 1,00,000

Share holders details will be matained in share holders Register.
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