Please suggest me Can we use non cash consideration (such as Fixed Assets) to increase the paid-up capital of our company? If yes, how and what would be the journal entries for this?
Thanks in advance
Ajay Singh Bhati (Manager (Accounts)) (215 Points)
08 November 2012Please suggest me Can we use non cash consideration (such as Fixed Assets) to increase the paid-up capital of our company? If yes, how and what would be the journal entries for this?
Thanks in advance
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 08 November 2012
Do you mean to say that the co has puchased the FA against exhange of shares?
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