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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.
1889how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
2081hi i done mba finance...2008 1 year exp in kpo 1 year i did nt do any job i know all d accounting packages now i am in job search but my exp is not helpful to me ?how can i approach now?
1 3496What are the ratios (in addition to current ratio) to be considered while preparing CMA data ?
2 5978i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me
1847Post New Accounting AllOther Questions
Is advance paid wages has credit balance?
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How goodwill is accounted for the first time in a company .
can payorder be issued for outstation?if yes then how?should it be account payee?
how we could adj. the entries of prop. & firm in merging time
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
how to entery pass in tally when items damage(items insured)and claim to insurance co.
what is joint venture?
EXPAND______________ICC
Who is called consignor
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while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited
what is the scenario of multi-org setup?
what is the difference between speculation & investment?
Which Invoice issued on Central Sale Commercial or Retail?
