Interested to Buy Any Domain ? << Click Here >> for more details...
what type of acounts is share application account
- 8 Answers
- 39521 Views
- KPSC Karnataka Public Service Corporation, I also Faced
- E-Mail Answers
Answer Posted / accountingworld
Look Guys, First of all Bank A/C is a personal as banking company is an artificial person created by law and share application account is also a personal as it indicates the money received from natural persons i.e. Shareholders.Thus following entry is based on above discussion:-
Bank A/C. Dr.
To share application A/C
Note:- One of my less knowledgeable Friend posted That Share application account is represents Income which is absolutely Wrong.
Thanks
Mohit Giri(7678170406)
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
what is the entry of credit card received excess amount entry in tally and their under group names
hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
Explain me by saying, perpetual or periodic inventory system; what do we mean?
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
Explain things that fall under intangible asset?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
Are there any questions you would like to ask?
cash credit taken from bank then what is the general entry?
What is the provision?
