What is correct entry for Share Capital increase actually my company authorized capital 5lakhs ,(at the time of starring) paid up capital is1 lakhs. now it was increase 50 laks and paid up capital is 33.5 lakhs. What is correct entry Increasing 32.5 lakhs entry and we purchased 4 vehicles with 32.5 lakhs .Please post correct entry (in Tally)
Bank A/c 32.5
Bank A/c 32.5
To A's Capital A/c xxxx
To B's Capital A/c xxxxx
To C's Capital A/c xxxxx
To D's Capital A/c xxxxx
Truck A/c (Fixed Assets) 32.5
To Bank A/c 32.5
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