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sonia (article)     06 July 2011

Accounting tally query

pls anyone tell me the accounting of this 

a company having a authorised capital of100000.

and in a bank statement a credit transaction of1000000 is given my sir said that pass 100000 issued capital entry and bakki ki share capital show kar do can any one tell me the treatment of this.



 27 Replies

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     06 July 2011

plz. clarify in detail

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     06 July 2011

how can be it possible if we credit 100000 to issued capital and balance 900000to share capital ac.????????because both the ac, r same

sonia

sonia (article)     06 July 2011

yar authorised capital 100000 ki hai or issued b 1 lac ki hi karni hai or sir ne kaha hai ki baki share capital mai daal do??? how 

sonia

sonia (article)     06 July 2011

nd bank statement mai 1000000 ka amount hai to kya karna hai iska...

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     06 July 2011

there should be no entry for authorised share capital. we always enter the entry for paid up share capital

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     06 July 2011

in my view the following entry should be passed

bank ac-------------dr. 1000000

    to share capital                            1000000

rectify me if i am wrong

sonia

sonia (article)     06 July 2011

paid up share capital ki to maine entry kar di hai par 1000000 wali or 100000 wali  issued capital ka kya karna hai

sonia

sonia (article)     06 July 2011

it means mujhe share capital ka account bana padega but yaar vo 1000000 ki amount jo hai or 100000 ki uska kya karna hai

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     06 July 2011

authosed share capital is just an information in the balance sheet. we do not take its total in our balance sheet. hence we pass only entry for issued share capital as stated above 

sonia

sonia (article)     06 July 2011

ok menas 1st case solve issued and paid up ka now tell me about 1000000 wala case

CA ADITYA SHARMA

CA ADITYA SHARMA (CA IN PRACTICE )     06 July 2011

we will pass only entry as follows

bank ac - - - -- - - - -- - - - - -dr.1000000

      to share capital ac                                             1000000

(being issue of share capital)

sonia

sonia (article)     06 July 2011

OK TO ISSUED 100000 AND SHARE CAPITAL 1000000 KI HO SAKTI HAI NA

faisal pari

faisal pari (Accountant)     06 July 2011

Bank A/c Dr.   100000

To, Share Capital               100000

ashish gupta

ashish gupta ( student)     06 July 2011

i think authorised share capital 10 lacs hogi and issued capital 1lac. issued capital ke liye journal entry pass kar do


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