Share Transfer
This query is : Resolved
11 January 2010
Respected Experts,
I wanted to know the accounting treatment and entry to be passed at the time of share transfer by the Private Limited company?
I wanted to know the accounting treatment and entry to be passed at the time of share transfer by the Private Limited company?
Sudhir Patil
(Expert)
11 January 2010
Account Entry :
Share Capital Cr.
(By New admited Member)
Share Capital Dr.
(By old member who is resigned of the member of share holder)
When share amount is same of the buyer and seller the effect on share capital is NIL. But in narration change the name through account entry.
When seperate entry of buyer is made sahre capital A/c Cr. and Bank/Cash account DR. Means add the new member in company and share captial is incredase. At the time of selling of shares i.e.Sahare capital account Dr. and Bank/Cash A/c Cr. At that time the member is resigned & share capital is debited and name of the member is delited.
Share Capital Cr.
(By New admited Member)
Share Capital Dr.
(By old member who is resigned of the member of share holder)
When share amount is same of the buyer and seller the effect on share capital is NIL. But in narration change the name through account entry.
When seperate entry of buyer is made sahre capital A/c Cr. and Bank/Cash account DR. Means add the new member in company and share captial is incredase. At the time of selling of shares i.e.Sahare capital account Dr. and Bank/Cash A/c Cr. At that time the member is resigned & share capital is debited and name of the member is delited.
Bimal Thacker
(Expert)
11 January 2010
According to me no entry needs in financial books.
You should only make the changes in the register of shareholders.
You should only make the changes in the register of shareholders.
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