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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Journal Entry - Share Capital
Replies (8)
Bank a/c dr. (total amount received)
To share capital a/c (total face value)
To securities premium a/c (total premium)
To share capital a/c (total face value)
To securities premium a/c (total premium)
The amount is not received in FY 2020-21 but the shares are issued and as per MCA.
Share Capital Receivable a/c dr
To shared premium a/c
To Share capital a/c
To shared premium a/c
To Share capital a/c
Thank you for the help.
When amount received
Bank a/c. Dr
To Share capital receivable a/c
Bank a/c. Dr
To Share capital receivable a/c
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?
No journal Entry for increase in share capital. In balance sheet increased Authorised Capital
Thank you for the help with entries on time.
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