hi. there is a company XYZ LTD (Public Company). XYZ Ltd issued share to Mr.A of Rs 50 lacs for which no payment is made and in cosideration Mr A will provide some services to XYZ Ltd, but the value of services which is to be provided is uncertain. what is the accounting treatment?
Menu
accounting treatment
Replies (1)
In the books of XYZ Ltd.
Particular service taken A/c Dr. 50 lakhs
Equity Share Capital A/c 50 lakhs
( Being Shares issued to A in return of service provided by him)
Recent Topics :
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
Related Topics :
CAclubindia
