Share capital entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2012 DEAR SIR,
OUR AUTHORIZED SHARE CAPITAL 1000000 AND WE HAVE IN CREASE 500000
WE HAVE INCREASE OUR SHARE CAPITAL BY 500000
WHAT WOULD BE ENTRY MADE IN TALLY FOR INCREASE SHARE CAPITAL......

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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25 March 2012 Authorised share capital is NOT recorded in Tally.

Only ISSUED & SUBSCRIBED share capital is recorded in Tally.

When the additional share capital is subscribed the same will be recorded as follows:

Bank A/c Dr
To Issued & Subscribed Share Capital

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Querist : Anonymous

Querist : Anonymous (Querist)

26 March 2012 thanx sir.............

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 March 2012 You are welcome. You should use the thanks button to convey your thanks.

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