Journal entry
This query is : Resolved
23 September 2011
Share allotment DR
To Share Capital
Bank DR
Securities Premium DR
To Share Allotment.
To Share Capital
Bank DR
Securities Premium DR
To Share Allotment.
24 September 2011
thanks for the reply one more question is there any capital tax on that premium
29 September 2011
well the above entires are required to be passed in reverse manner first entry for recipt of allotment or application money than allotment entry if all amount is called in once
29 September 2011
there is no capital tax on the amopunt of the receipt
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