Share capital transfer
Querist : Anonymous
1 director left pvt. ltd. company & sold his 7000 shares @ rs.10 each to others two directors in equal distributions (i.e 3500 shares @ rs. 10 each).
How to pass these accounting entry? please help.
Querist : Anonymous
"being the bill raised for the transfer of 3500 equity shares of rs.10 each of xyz pvt. ltd. vide distinction no. xxx, certificate no. xxx @ rs. 10/- each"
Total: Thirty Five Thousand Only
despite, should i not required accounting entry? or only will change share pattern?
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