share capital

Pvt ltd 478 views 1 replies

hi friends...

A private limited company as on 31/03 has passed the following journal entry in his book:

Share capital receivable    Dr

Share capital                        Cr

and has passed the board resolution on 28/02 that money should be received within 3 months

Is this entry justified as on 31/03 as per co. law?

Replies (1)

I think entry is ok....and will justify


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