Answer Posted / 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.

Explain the meaning of long-term notes payable is or long term liabilities?

1183

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sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,

1843

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What have you read in the newspapers in the last few days that particularly interested you?

1019

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our cheque to Arshad Khan was dishonored?

1406

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on the basis accounting,acounting is divided in to how many classes and what are they?

1740

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What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?

2291

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Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

1495

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What is meant by turnover?

1048

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the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?

3081

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in Sensex and Nifty, what is the measure to take the points

2043

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What is Time capital

2114

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What is cost accountancy? What are the objects of cost accountancy?

1040

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How many types of business transactions are there in accounting?

1074

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What do u mean by press releases

2110

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what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

2178

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