Share Application money pending allotment - Ind-AS/ IFRS

CA Anuj Agrawal , Last updated: 24 February 2017 Share Follow on Google News

It is quite common where an entity provides some amounts as Share Application Money for the sake of allotment of such shares in future. The amount in substance will be advance given for such investment and the entity is waiting for the same to be converted into an Equity in future. Now, there was a

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About the Author

CA Anuj Agrawal

IFRS/ GST Professional

14+ years of experience into FINANCIAL REPORTING includsGAAP CONVERSIONS (IFRS/IND-AS USGAAP) and having subject matter expertise. - Fellow member of ICAI - Certified Forensic Accountant from ICAI - Cert in IFRS from ACCA (UK) - and having various certificates from other Institutions e.g.University of Verg ... Read more

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Share Application money pending allotment - Ind-AS/ IFRS

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