Share capital reverse entry

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ramanamma (Querist)
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14 March 2014 Hi
Friends

How to close the entry

invested in a company of Rs 1,00,000/- (i.e 10,000 shares).

but the company was closed without paying any amount of share capital.

then how to close the share capital amount invested in that company.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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14 March 2014 in such case full amount is loss so
profit & loss a/c...dr 1,00,000

to Investment in co a/c 1,00,000

Message likes : 1 times

ramanamma

ramanamma (Querist)
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14 March 2014 Sir
in case the company was closed in the year 2006 till date no reverse entry was passed is it possible to pass in the year 2013-14.

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