Dear Sir, Does any one help me how to make entry for purchase of share capital ? which head to be taken for purchase of shares ? it's very urgent pls
Dear Sir, Does any one help me how to make entry for purchase of share capital ? which head to be taken for purchase of shares ? it's very urgent pls
purchase of shares is noemally taken in Investment portion......
Following is the entry to be passed :-
1) Share Capital issued.
Bank A/c Dr.
To share capital A/c
(Being shares issued)
2) Shares purchased for Investment
Investment A/c Dr.
To Bank A/c
(Being Investments purchased)
Regards,
Devendra
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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