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Junior Member
Group: Forum Members
Last Login: 6/06/2007 7:56:16 PM
Posts: 0,
Visits: 0
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Is 4150 the correct place to enter the proceeds of rights issues not taken-up?
Regards,
Graeme.
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MySF Administrator
Group: Administrators
Last Login: 3/09/2010 6:43:48 PM
Posts: 133,
Visits: 631
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Yes you can use 4150, or you could create another income account to record the proceeds. The only difference is that a separate account will display the the more meaningful text in reports. If this ia a regular type of income then you would consider a new account
The only account not to use is 4805 Special Income - This is taxed at 47%
Regards
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Regular Member
Group: Forum Members
Last Login: 8/06/2010 5:42:01 AM
Posts: 20,
Visits: 298
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