The initial or authorized capital is formed in the created organization at the expense of the contributions of the founders. As contributions, money, fixed assets, materials can be made. In accordance with article 26 of the Federal Law of the Russian Federation "On Joint Stock Companies", the lower limit of the authorized capital of an OJSC must be at least 1000 times the amount of the minimum wage, for CJSCs and LLCs - at least 100 times the amount of the minimum wage. The accounting of the authorized capital in the organization is carried out as follows.
Instructions
Step 1
Open account 75 "Settlements with founders" and create sub-accounts "Settlements for contributions to the authorized capital" and "Settlements for payment of income" to it. Draw up accounting entries for the receipt of contributions from the founders. If it is cash, the posting will be as follows: Debit of account 50 "Cashier", Credit of account 75.1 "Settlements on contributions to the authorized capital" - money was received at the cashier as a foundation contribution. If the money was credited to the current account, write down the entry: Debit of account 51 "Current account", Credit of account 75.1.
Step 2
Make a record of postings in accounting if fixed assets or materials were made as contributions to the authorized capital: Debit of account 08 "Investments in non-current assets" (Debit of account 10 "Materials"), Credit of account 75.1 - fixed assets or materials were received as constituent contribution.
Step 3
Reflect then the total amount of the formed authorized capital on account 80 by making the entry: Debit of account 75.1, Credit of account 80 "Authorized capital". The balance on this account is always credit and reflects the total amount of the authorized capital.
Step 4
If the meeting of owners decided to increase the authorized capital at the expense of other funds or at the expense of retained earnings, the following entries must be made in the accounting: Debit of account 82 "Reserve capital" (83 "Additional capital", 84 "Retained earnings"), Account credit 80 "Authorized Capital".
Step 5
Reflect the decrease in the authorized capital in the event of a decrease in the par value of shares by posting: Debit of account 80 "Authorized capital", Credit of account 75-1 "Settlements on contributions to the authorized capital". When reducing the total number of securities, make a posting entry: Debit account 80, Credit account 81 "Own shares".
Step 6
Determine at the end of the second and subsequent fiscal year, the total amount of net assets of the company. To do this, calculate the difference between its current assets and liabilities. If the amount of net assets turns out to be less than the authorized capital, then according to the current legislation, the authorized capital must be reduced to the value of their value. In accounting, the posting will be as follows: Debit account 80, Credit account 84 "Retained earnings".
Step 7
Arrange the accrual of income to the founders by posting: Debit of account 84 "Retained earnings, Credit of account 75-2" Calculations for the payment of income ".
