Sweat equity shares for pvt company

Hi Friends,

Please help regarding this question,

A Pvt.ltd company wants to issue sweat equity shares (NON CASH) for their directors on their intellectual property,

now what should be shown on the asset side of balance sheet, Please reply ASAP friends,

Thanks in advance.

Replies (5)

Read below

 

/articles/checklist-for-the-issue-of-sweat-equity-shares-by-unlisted-companies-5596.asp

Employee benefit a/c         Dr.

      To Share capital a/c

@ Ashish,

thanks for the reply,

But now what term that i can mention on the asset side of balance sheet.( i need technical term)

Hi vikas,

Are you asking for technical term for Intellectual property?

 

My question is whether i can create head like intellectual property on asset side, will that be apt??, i need to know whether is that acceptable.

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