Share capital reverse entry
This query is : Resolved
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.
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.
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
profit & loss a/c...dr 1,00,000
to Investment in co a/c 1,00,000
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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.
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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