a private limited company having authorised capital of 1 lac with 10000 shares...has raised funding of 1 crore by giving 5 pcnt equity.
now how to enter the funds received in books of accounts...and how to make share transfer agreement as our shares are of only 500 of rs 10(5% of 10000). which is 5000 rs ...but amount received is 1 crore...do we need to increase the authorised capital or issue share on premium.
CAclubindia
