Tag Archives | Accounting Entries

Accounting Entries Types: 4 Main Types of Accounting Entries | Financial Accounting

The following points highlight the four main types of accounting. The types are:- 1. Adjusting Entries 2. Transfer Entries 3. Closing Entries 4. Opening Entries. Types # 1. Adjusting Entries: It is a normal practice to make entries in the accounting records on cash basis (revenues and expenses actually received and paid). However, there is a need to formulate accounting [...]

By |2018-08-01T10:47:23+00:00August 1, 2018|Accounting Entries|Comments Off on Accounting Entries Types: 4 Main Types of Accounting Entries | Financial Accounting

Accounting Entries for Issue of Shares at Premium | India | Company

In this article we will discuss about the accounting entries for the issue of shares at premium, explained with the help of an illustration.  A company likely to be very successful and enjoying a good reputation, asks intending shareholders to pay, on each share, a sum higher than the face value. In other words, when shares are issued at a [...]

By |2017-02-06T20:59:01+00:00February 6, 2017|Shares|Comments Off on Accounting Entries for Issue of Shares at Premium | India | Company

Accounting Entries for Redemption of Debentures | Accounting

In this article we will discuss about the accounting entries for redemption of debentures. 1. Redemption Out of Profits: When debentures are redeemed out of profit, it is essential that an equal amount to the face value of the debentures redeemed will be transferred to Debenture Redemption Reserve Account. When all the debentures are redeemed, the Debenture Redemption Reserve Account [...]

By |2017-02-06T20:59:00+00:00February 6, 2017|Debentures|Comments Off on Accounting Entries for Redemption of Debentures | Accounting
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