EASYOFFICE
EASYOFFICE

Regarding Accounting treatment of initial capital in Private Limited Co.

This query is : Resolved 

08 August 2023 Hello, could anyone help me in this query,

An Individual who runs a Proprietorship business started a Separate Private Limited Company as a Managing Director in which he invested Rs. 10 lakhs for new account opening of Private limited company as his part of his share capital. How to record the initial share investment made in following:

1) In the Books of Sole Proprietorship Accounts &
2 ) In the books of Private Limited Co. initial capital introduced by a Managing Director.

What are the accounting treatment & under which heads the respective accounts should be created.

09 August 2023 1 In the Books of Sole Proprietorship show it as Investment in Private limited company.
2 In the company show it in share capital.



09 August 2023 Ok Sir Thank You Very Much.


09 August 2023 You are welcome..
..,



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries