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Pass Relevant entries

Vijendra A (20 Points)

24 October 2021  
A company has incresed its authorised share capital from ₹500000 to ₹1000000. IT has incured ₹25000 @ ROC fees.pass relevant entries

 4 Replies

yasaswi gomes (My grammar is 💯 good I)   (6646 Points)
Replied 24 October 2021

Credit authorised capital account 50,000

Debit ROC fee 

1 Like

prasad Nilugal (Sr . Accountant and GST Practitioner . )   (7054 Points)
Replied 24 October 2021

Capital has been increased , so share application and allotment money received .

Bank A/c Dr 500000/-
To share application
allotment money A/c Cr 500000/
( fresh issue of additional capital , money received)

Share application allotment A/c Dr 500000
To Equity share capital A/c Cr. 500000/-
( Money transfer to capital )

ROC fees paid

ROC fees A/c Dr 25000/-
To Bank A/c Cr. 25000/-
( ROC fees paid to ROC)
2 Like

yasaswi gomes (My grammar is 💯 good I)   (6646 Points)
Replied 24 October 2021

This is correct method. Since you work on ERP, I gave a concise version. Thanks

Vijendra A (20 Points)
Replied 24 October 2021

Thank you prasad ji and yasaswi

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