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Paid up capital entry in Tally

This query is : Resolved 

Respected Members,

Our company is a startup company withs paid cup capital of 200,000, how to enter this in tally? when I entered it as opening balance under Partners capital ledger, it shows a "difference in opening balance" in the Asset side of the Balance sheet, pls help

1) On receipt:
Bank A/c Dr
To Share Application Money A/c
2) On allotment of shares:
Share Application Money A/c Dr
To Share Capital A/c
(opening balance is meant for entering previous year's closing balance)

Thanks a lot, Mam,
But my concern is that the owner has not physically bought money to the bank or company, instead, it is mentioned in the Articles of Association of Co as registered with 200,000 capital, in such case what could be the entry?

The original query was on paid up capital. No entry required in books in case of subscribed capital. As and when the subscriber pays subscription money, allotment will be made. You may make the above entries at that time.

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