Share Capital

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Initial share capital
 
Assuming each share holder put in $80,000 as initial paid up capital
 

: Share capital injection

 


Step 1 : At chart of accounts, modify the accounts name....        click here

 
  Follow the steps from [1] to [7]

 

 
Share capital of Mr A

 

COA

Debit

Credit

Bank                

D-B001-1

80,000.00

 

Share Capital - A

H-S001 -1

 

80,000.00

 

Share capital of Mr B

 

COA

Debit

Credit

Bank                

D-B001-1

80,000.00

 

Share Capital - B

H-S002 - 1

 

80,000.00

 

At [A/c Entry], click [Receipt]

 

 

Click [Add GL]

.

Step 2   Follow step [1]  to [7]  as shown below.

 

 

FAQ :  What if the amount by A is $100, 000 where the balance $50,000 is loan to the company?

Answer : Create another GL Receipt, to credit loan from A (liability) and debit the bank


 

Related Topics

 

 

 

 

 

 

 

Watch all videos:

Realtimme Training Portal

http://realtimme.cloudapp.net/basic/index.html?Share_Capital.htm

 

 

 

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