Please help

help me in share capital..

may i get notes of share capital in a/c ..

plz send me on richa.abha09 @ gmail.com

aabha discuss your doubts and query. tell exactly where r u stuck.

Dear Ashish ji,

Pls write down the entry for this .I am confused because

Machinery is going to be debited but what will be in credit.

How I will show the reserve & surplus debit??????

Ok Sushanta see- You will purchase machinery so you will pay cash/cheque.

So the Entry will be-

Machinery Dr.

    To Bank A/c

Now you are confused with Reserve & Surplus. But it has no impact on reserves as this is not your expense. You are purchasing an asset. Just the form of asset is changed i.e. from bank to Machinery.

Dont be confused with Reserves. Reserves are debited only by the amount of business loss.