Accountancy, asked by ayushi6390, 1 year ago

when application money is received - what would be it's journal entry

Answers

Answered by sreeragm1999pbwcd0
1
It may be noted that application money received is treated as deposit money. It cannot be directly transferred to 'share capital A/c'

Hope this helps you

ayushi6390: so it's journal entry may be.... Bank a/c Dr To share application
sreeragm1999pbwcd0: yes
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ayushi6390: Ohkk thank you
sreeragm1999pbwcd0: thank u
ayushi6390: sorry but I don't know the process of adding as brainleist.... because I'm new there
sreeragm1999pbwcd0: u can c it when u open ur question
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sreeragm1999pbwcd0: and u can select my answer as brainliest
sreeragm1999pbwcd0: Thank u
Answered by apigupta28pc0prb
2

Bank A/C Dr.
To share application

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