Hello Sir,
I am working in a organisation as an accountant, my boss & other two partners(his sons) are started a new company with the authorised share capital Rs.5,00,000 and The minimum paid up capital of the company is rs.1,00,000.
for these transactions i need ledger creations (ledger undergroup), a/c entries, we are using TALLY Accounting software so please reply my question
When you receive share allication money debit bank and credit share application money of share holder account, when shares are allotted debit share application money account and credit share capital account.
Hi Sravan,
Since oly 3 are there in the co i think there wont be the procedure of share application allotment first call n final call..
Just pass
Bank A/c(BANK A/c) Dr
to Share Capital A/c(Capital A/c).( With paid Up Capital)
And u r not suppossed to show Authorised capital in Tally...
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