if issue the share capital what is entry pass the journal
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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.
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Dear sir we are running a export enterprises and we are marchent and exporter we purchaige the goods from mahahrashtra /gujrat and many indian stats our iec cod is issue from varanasi and our firam is registerd from azamgarh utter pardesh kindly advise me can i purchige the goods from gujrat and send direct to port or shude we inter the goods in utter pardesh then we sent to port i m asking this question because our salse department is not issue form H kindly give me advise i m waiting for your for reply thanks and regards e mail id: burque786azm@yahoo.com javed
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