how can we treat the entries of share capital in a/c in pvt ltd company if we get the payment in director saving bank a/c?
i dont want to include the sb a/c in the books.
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please help
Replies (2)
Transfer the amount deposited into the saving bank account of Director to the private limited company.
Now pass the journal entries relating to share application money in the books of private limited company.
pass the following entry :
Loan to Director A/c -------------------------Dr.
To Share Capital A/c
Regards,
Manoj
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