Please help me ! Journal Entry ??

one of our client started a pvt ltd company having share capital Rs. 100,000/-. date of incorporation 01/06/2010.

How has he brought in the capital ?????

is Rs.100000 deposited by him towards sharecapital?

If yes then pass it to Credit Share Capital Account and Debit Bank Account

Others show as loan i.e Credit Director Loan Account and Debit respective fixed assets account
 

before this date he had paid for office furniture Rs.100,000/-, laptop Rs. 50000/-, shop deposit Rs.100000/-.

Laptop A/c      Dr.     50000

Furniture A/c   Dr.     100000

     To bank A/c                        150000

Shop Deposit   A/c    Dr.    100000

     To Bank A/c                                  100000

on 01/08/2010 he deposited Rs. 100000/- from his personal account into company bank account.

Company Bank A/c       Dr.     100000

     To Personal bank A/c                     100000

Mr. Devendra is right, follow him

on 01/08/2010 he deposited Rs. 100000/- from his personal account into company bank account.

Company Bank A/c       Dr.     100000

     To Personal Loan  A/c                     100000

as Mr Devandra said every entry is accurate but as far as the last one is concerned i.e 100000 from personal to Companies a/c is better to be shown as Director loan

In the books Of Company

Bank A/c.......Dr

   To (Name of Director) Loan A/c

And it will Be classified under Unsecured Loan

as director loan

ENRY GIVEN BY DEVENDRA SIR IS CORRECT

ENTRY GIVEN BY MR.DEVENDRA SIR IS CORRECT

Fully Agree wit all d entries given by Mr. Devendra above.

1. one of our client started a pvt ltd company having share capital Rs. 100,000/-. date of incorporation 01/06/2010.

ENTRY;

01/06/2010     

                     CASH A/C DR.                               100000/-

                             EQUITY SHARE CAPITAL A/C DR.        RS. 100000

    ( NOTE :-BANK CAN NOT DE DEBITED AS, THE BANK A/C CAN BE OPEN AFTER SOME DAYS AFTER THE DATE OF INCORPORATION)                    

2. before this date he had paid for office furniture Rs. 100,000/-, laptop Rs. 50000/-, shop deposit Rs. 100000/-.

    FURNITURE  A/C DR.              100000/-

    LAPTOP A/C  DR.                        50000/-

    SHOP DEPOSITED A/C DR.     100000/-

           TO LOAN FROM DIRECTOR  ( NAME OF DIRECTOR)        250000/-

(NOTE :- ABOVE ALL ASSETS ARE PURCHASE PRIOR TO THE DATE OF INCORPORATION BY THE DIRECTOR AND AFTER THE DATE OF INCORPORATION ASSETS GIVEN TO THE COMPANY HANCE THESE WILL TREATED AS UNSECURED LOAN FROM DIRECTOR ( MAY BE INTEREST FREE , QUASI EQUITY), HENCE BANK WILL NOT CREATED AS THE ASSETS WAS PURCHASED BY THE DIRECTOR NOT BY THE COMPANY).

2. on 01/08/2010 he deposited Rs. 100000/- from his personal account into company bank account.

01/08/2010    BANK A/C DR.               100000

                        TO LOAN FROM DIRECTOR  ( NAME OF DIRECTOR     100000/-)

FOR ANY FURTHER CLARIFICATION PL. MAIL AT rajeshjiv @ gmail.com

the last one entry should be considered this way

Company Bank A/c. Dr.   100000

     to Directors Loan A/c.               100000

(Unsecured Loan)

because, Directors given to company for any amount its treated as Unsecured Loan

you can't take a Creditors and Debtors

as the total authorised capital of company is Rs.100,000 the following entries will be passed in the books of the company

1.  Bank A/c                           Dr          100,000

       To Share Application A/c                         100,000

2. Share Application A/c     Dr          100,000

       To share Capital A/c                                  100,000

3.Furniture A/c                     Dr.         100,000

   Laptop A/c                         Dr.            50,000

   Security Deposit A/c        Dr.          100,000 

          To Unsecured Loan A/c                            250,000

ENTRY;

01/06/2010     

                     CASH A/C DR.                               100000/-

                             EQUITY SHARE CAPITAL A/C DR.        RS. 100000

                       FURNITURE  A/C DR.              100000/-

                       LAPTOP A/C  DR.                       50000/-

                         SHOP DEPOSIT A/C DR.     100000/-

                                            TO LOAN FROM DIRECTOR  ( NAME )        250000/-

01/08/2010    BANK A/C DR.               100000

                        TO LOAN FROM DIRECTOR  ( NAME OF DIRECTOR     100000/-)