Pre incorporation /post incorporation entries

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PREINCORPORATION :

 

1. Directors spend expenses for getting done Registration of Private Limited Company

Out of Pocket Expenses No Bill

Debit :

Credit :

2. Director spend for Food / Lunch / Travelling etc at before registration of Company

 

Debit :

Credit :

 

3. AFTER INCORPORATION :

Director spending from his Petrsonal Account & Putting Bill to the Newly Registered Company to Record.

e, g a) Travelling Fare b) Food & Snacks c ) Buying Laptop for Company Official d) Other Expenses

 

DEBIT :

CREDIT :

 

My mail Id : dial_bhaskar2004 @ yahoo.com

 

 

Replies (1)

Pre-incorporation expenses consists of only Roc forms filing fees,printing of moa aoa only..Bill will automatically generated in MCA site its facinating that u have no bill..Login check payment status u can get bill..

1.Preincorporation expenses( asset a/c)

            To directors personal a/c(liability a/c)

2.For food and other are revenue nature

Miscellaneous expenses 

           to directors personal a/c

3. is same as 2..(except laptop u capitalise it)

and pass an entry for repayment to director personal account

Bank  a/c dr

  To director personal a/c

 


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