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Journal Entry - Share Capital

A/c entries 6354 views 8 replies
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9 Points Posted on 27 July 2021

Issued 1111 shares at Rs. 2000/- at premium to a company on 01/03/2021 for which payment was received on 04/06/2021.

Please help me with the journal entries.

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On 27 July 2021 at 23:06 Report
Replies (8)
Quick Summary
Discussion on journal entries for share capital issued at premium. On issue: Share Capital Receivable Dr, Share Capital and Securities Premium Cr. On receipt: Bank Dr, Share Capital Receivable Cr. No journal entry is required for increase in authorised capital; only disclosure in balance sheet.

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210 Points Posted on 28 July 2021
Bank a/c dr. (total amount received)
To share capital a/c (total face value)
To securities premium a/c (total premium)
2 Reply
On 28 July 2021 at 00:32
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9 Points Posted on 28 July 2021

The amount is not received in FY 2020-21 but the shares are issued and as per MCA.

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On 28 July 2021 at 09:09
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ACA
1533 Points Posted on 28 July 2021
Share Capital Receivable a/c dr
To shared premium a/c
To Share capital a/c
4 Reply
On 28 July 2021 at 10:12
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9 Points Posted on 28 July 2021

Thank you for the help.

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On 28 July 2021 at 20:59
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ACA
1533 Points Posted on 28 July 2021
When amount received
Bank a/c. Dr
To Share capital receivable a/c
4 Reply
On 28 July 2021 at 21:01
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9 Points Posted on 29 July 2021

If Authorised Capital is increased from Rs. 1,00,000/- to Rs. 1,25,000/- in MCA

Are we suppose to pass journal entry in Accounts?

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On 29 July 2021 at 11:26
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ACA
1533 Points Posted on 29 July 2021
No journal Entry for increase in share capital. In balance sheet increased Authorised Capital
4 Reply
On 29 July 2021 at 12:41
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9 Points Posted on 29 July 2021

Thank you for the help with entries on time.

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On 29 July 2021 at 13:39


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