Journal entry for money applied for IPO but alloted shares
This query is : Resolved
17 February 2025
Money applied for IPO but shares not allloted How to Make Journal entry in the books of accounts.
Money apply by bank Rs. 50 Lakhs. but shares not alloted
Money apply by bank Rs. 50 Lakhs. but shares not alloted
Nikhil Kaushik
(Expert)
18 February 2025
as far as I know, there should only be lien marked in the bank account instead of actual debit and credit. So, unless there is actual debit and credit in the bank statement, no need to make any accounting entry.
alternatively, you may pass these entries as mentioned here - https://www.caclubindia.com/experts/entry-for-ipo-subscription-2226929.asp
alternatively, you may pass these entries as mentioned here - https://www.caclubindia.com/experts/entry-for-ipo-subscription-2226929.asp
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