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Accounting

 
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anna21



Joined: 16 Mar 2010
Posts: 1

PostPosted: Tue Mar 16, 2010 9:45 pm    Post subject: Accounting Reply with quote

Hi ,

I just need a clarification, I am doing fy account. For non business purchases, I never pass any journal entry but straight credit the bank and debit the sufficient account since i doing the whole year. Please advise.

Secondly, for payrol, do i take the net payment when payment is made and only gross payment willbe taken when it has to be accrued?

Thirdly please explain to me the share capital and paid up capital. Let say my boss currently increased his paid up capital, can he take out his funds back, if yea what will be the transaction?

Anna
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mariaapee243



Joined: 30 Apr 2010
Posts: 10

PostPosted: Sat May 01, 2010 10:08 pm    Post subject: Reply with quote

Non Business activities should be treated as Drawing, otherwise the final account like Profit and Loss and Balance Sheet will showing the true statement. The entry you are being passed is correct to some extent, but not realistic.
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AllenMass



Joined: 10 Dec 2009
Posts: 27

PostPosted: Thu Aug 05, 2010 6:29 pm    Post subject: Reply with quote

Great business. Penny stocks business is different whole from other types of business. It is only that business where the investor doesn’t require high investment to start its business. He can start it with low investment.
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