Accounts

The nature is as under as per company act 1956

1. capital reserve--(PROFIT ON SALES OF CAPITAL NATURE ASSEST i.e. shares, share forfeited ,fixed assests---                                    hence   ; CREDIT)

2. C.R.R. ---(capital redemption reserve is to be made at the time of redemption of share and debenture u/s 80 of the

                         company act  Golden rule is ; CREDIT)

3. Share allotment a/c --(at the time of  allotment of  the shares SHARE APPLICATION A/C DEBITED AND

                                            SHARE  ALLTMENT CREDITED,hence nature is CREDIT)

4. Discount on issue of shares --(JOURANAL IS IF DIS.IS ON ALLOTMENT

                                                                SHARE ALLOTMENT     A/C        DR.

                                                                DIS.ON ALLTMENT        A/C        DR.

                                                                        TO SHARE CAPITAL  A/C

5. Provision for Depreciation--(SUCH ACCOUNT IS PREPARE  WHEN FIXED ASSESTS SHOWS AT HISTORICAL  

                                                       COST IN SUCH CASE FIXED ASSEST SHOWS IN B/S  AT COST AND TOTAL DEP.

                                                        INCLUDING CURRENT DEP. JOURNAL ENTRIE WILL ;

                                                             DEPRICATION        A/C               DR.       (CURENT )

                                                                          TO PRO. FOR DEP.   A/C

                                                              P&L                          A/C                DR.

                                                                      TO  DEPRICATION   A/C