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Answer Posted / shweta
The MIS report "its meance MANAGEMENT INFORMATION SERVICE
generally it is monthly to submit to the Head of the unit (Factory or
Establishment) the report should reach to the concern head from
all the department heads every month first week of the last month
particulars. The HR department has also submit their report. In our
organisation we usually submiting the formate is as under.
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Provision of Bad Debts is made in compliance with the convention of -----------
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.
Clasify capital
Expand---------NPTO
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Expand---------EDP
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