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
CA Mohit Thareja
(Assistant Manager-Accounts & Finance)
(1117 Points)
Replied 04 May 2011
purchase of shares is noemally taken in Investment portion......
Devendra
(Chartered Accountant)
(4775 Points)
Replied 04 May 2011
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
CAclubindia
