Accounts
This query is : Resolved
Chintan Patel
(Querist)
14 December 2011
What type of account is EQUITY SHARE APPLICATION A/C AND WHY?
Guest
Guest
(Expert)
14 December 2011
It is shown under share capital. Separately from Paid up share capital. Basically it is an amount received towards shares of the company. Hence its nature is liability.
You can also show it under current liabilities.
You can also show it under current liabilities.
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