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Sunny Malhotra 8 years, 6 months ago

Shares are the small units of huge capitals of the firm which are issued by the firm..types are equity shares..preference shares...etc
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Aksh Turna 8 years, 6 months ago

Maximum is equal to amt. Of share forfeiture bal.
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Ajay Randhawa 8 years, 6 months ago

When it is provided in deed and sufficient profits are there
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Nikhil Singh 8 years, 6 months ago

Executors accounts are prepared instead of loan account because the loan account represents the retiring partner and in case of death if the partner is dead then it is not possible to have an account to represent him. Executors accounts represents to the Executors (representative or family members)to the partner who is dead.

Mehak Suri 8 years, 6 months ago

Executor's account is prepared in case of death of a partner.The closing balance of deceased (dead) partner's capital account is credited to his executors account. It is basically prepared to tranfer the closing balance of deceased partner.(just as we prepare retiring partner's loan account in case of retirement)
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Richa Aggarwal 8 years, 6 months ago

Yes . As it contains 7 members and 2 person are only required
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Richa Aggarwal 8 years, 6 months ago

Because he is getting the profit of goodwill of existing shareholders
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Jaspreet Multani 8 years, 6 months ago

p n l adjustment a/c
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Chandan Kumar Singh 5 years, 9 months ago

it is generated from the amount borrowed from shareholders and just because share capital is a liability for companies spr is also treated as a liability
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Harp Dhaliwal 8 years, 6 months ago

it is calculated by multiply alloted share with allotment money
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Adarsh Raj 8 years, 6 months ago

Due entry - Share allotment a/c ........dr. To share cap. A/c If premium then - share allotment a/c.....dr. To share cap. A/c To securities premium reserve a/c Receiving entry - bank a/c.........dr. To share allotment a/c
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Amit Jain 8 years, 7 months ago

Can be transfered to allotment or refunded
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