my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1581

How do you edit chart labels in excel?

349

How to sort an array from smallest to largest java?

623

anybody, Please send me the NIC(scientific officer/programmer) model questions papers to this mail id:imtiyazahamed14@gmail.com

1514

Write the program to process a list of numbers.

558

Why are databases better than spreadsheets?

342

what electricalcable size for 132kw motor 4pole

1234

Difference between control junction box (cjb) and power junction box(pjb)?

3372

What is k shell?

614

How to change varchar(m) to varchar(n) in sybase?

528

Define buffer pool.

697

What is the meaning of sap r/3?

701

How do you check if two strings are equal in java?

663

What are active & passive elements in BTS?

1779

What is an advice? What are the different types of advices?

209