CAPITAL INTODUCE IN PRIVATE LIMITED COMPANY:
WHAT WILL BE ACCOUNTING ENTRY IN TALLY FOR DIRECTOR INTRODUCE CAPITAL OF 1 LAC IN NEWLY MADE PRIVATE LIMITED COMPANY
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Capital intoduce in private limited company
Replies (5)
since this is a case of company, capital can only be raised by issue of shares.
therefore director must subscribe to share to show it as capital or else u can show it as loan.
entry for capital:
cash/bank a/c dr
To equity/reference share capital
Capital introduced entry in tally in private limited company
How to book share Capital entry in pvt ltd
A company issue share to b company
Director A/c Dr.
To Share Capital A/c Cr.
@ CA Puja Director is a creditor and he only has one account ie., owners equity.
By Cash a/c
To Share Capital.
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