Shares acquired for no consideration
This query is : Resolved
22 November 2012
If a company got shares in another company for zero consideration, wat will be the accounting entry for that? i.e., shares can be shown on Investment side, but corresponding amount where to be shown?
22 November 2012
Mr.Doubt,
You can show only ASSET SIDE in investment side, with out value and mentioning the fact that the same has been acquired on free of cost.
You can show only ASSET SIDE in investment side, with out value and mentioning the fact that the same has been acquired on free of cost.
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