- This topic has 1 reply, 2 voices, and was last updated 1 year ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Good day Sir
What is the double entry for this transaction?
An issue of 100,000 $1 ordinary shares in exchange for an asset with an agreed value of $400,000
I am thinking
Dr Non current asset $400,000 and Cr Share Premium $300,000 Cr Share capital $100,000 as the 2 cash entries will cancel out each other??Thanks in advance sir.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.