share in pvt ltd company
This query is : Resolved
Sankar Chakraborty
(Querist)
22 July 2010
we have two Pvt. Ltd Company named X, Y.
X sold share to Z (third party) after submission of Form 2, then Y purchase share from Z by paying cheque.
My problem is what is the entry to be made in the books of Y for this share purchase from Z ?
Is there any entry to be made in the books of X ?
please help by answering.
X sold share to Z (third party) after submission of Form 2, then Y purchase share from Z by paying cheque.
My problem is what is the entry to be made in the books of Y for this share purchase from Z ?
Is there any entry to be made in the books of X ?
please help by answering.
CA Sanat Pyne
(Expert)
22 July 2010
When X sold to Z
Z/BANK ------------DR
TO, INVESTMENT IN SHARE
(BALANCING FIGURE WILL BE CAPITAL LOSS OR GAIN)
WHEN Y PURCHASED FROM Z
INVESTMENT IN SHARE -----------DR
TO, Z/BANK
Z/BANK ------------DR
TO, INVESTMENT IN SHARE
(BALANCING FIGURE WILL BE CAPITAL LOSS OR GAIN)
WHEN Y PURCHASED FROM Z
INVESTMENT IN SHARE -----------DR
TO, Z/BANK
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