Answer / amit samaddar

CASH/BANK A/C Dr.
TO SHARE CAPITAL A/C

Answer / srikanth

cash / Bank A/c Dr
To Share Capital A/c
(Being share capital Received)

Answer / h.r. sreepada bhagi

When money is received towards Share Application :

Bank A/c Dr.
To Share Application Money A/c.

When Shares are allotted :

Share Application Money A/c Dr.
To Share Capital.

When Shares issued for subscription from the prospective
shareholders, no entry need to be passed in the books.
Entries will start only money starts coming towards issued
shares.

Answer / vivekanand

person a/c Dr
to shar capital a/c

Answer / kannan

shar capital a/c Dr
to bank a/c

Diff between Net profit & Gross profit?

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