Interested to Buy Any Domain ? << Click Here >> for more details...
In a private limited company,if owner/shareholder withdraws different amounts from company account, then where should be that amount be accounted for/in which head of account that amount should be placed????
- 1 Answers
- 3909 Views
- I also Faced
- E-Mail Answers
Answer Posted / tapan kumar roy
IN PVT LTD COMPANY ARE THE OWNER OF SHAREHOLDERS. EITHER EQUITY SHAREHOLDERS OR PREFERENCE SHAREHOLDERS,EQUITY SHAREHOLDERS WILL GET THE DIVIDED END OF THE YEAR WHICH IS RECOMEND BY BOARD OF DIRECTORS IN THEIR AGM,PREFERENCE SHAREHOLDERS EILL GET THE AMOUT AS PER THEIR AGREEMENT WHICH THEY AGREED THE PERCENTENGE EITHER IT IS 8% OR 9% WHATEVER IT IS AND IT WILL GET IF COMPANY HAS NO PROFIT EVEN THE COMPANY IN LOSS. ANOTHER PART IS DIRECTOR SO EXECUTIVE DIRECTOR WILL GET THEIR REMUNERATION EVERY MONTH LIKE EMPLOEE AND IT WILL ACCOUNTED AS DIRECTORS REMUNERATION.AND IT IS A PROFIT & LOSS ITEM
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
give the examples of Error of Duplication?and Error of compensatin? with entries
what are responsibilities of an accountant in a company?
differed tax liability
loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid
define fixed assets
What is dematerialisation and its benefits?
what is the reason for balance sheet not getting tallyed
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
Expand-------CSNA
how to do finalisation account ,pls tell me step by step ?
In sales what rule applicable
What exactly is derivatives segment. can u explain futures and options with examples...
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
how we will prepare n file income tax returns for individuals?explain
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
