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Corporate accounting:- Issue of Shares

Sumitra C.
04/03/2017 0 0

Issue of shares :- we can issue shares for cash and for consideration other than cash.

A) For cash :- Issue price may be payable either 

1) Shares payable in lump sum which means shares will be fully paid

Entries:- i) For receiving Share application money

Bank a/c       dr        To Share application a/c

ii) For allotment  of shares

Share application a/c  dr    To Share Capital a/c 

2) Shares payable in installments :- share may be payable in installments  as application, allotment,  and call money.For application money both entries of receiving and allotment of shares will be same , but for allotment and for call money entries will come in reverse form .Second entry will come first and first entry will come after that.


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