Differance between share capital & share application money
This query is : Resolved
varugu nagaraju
(Querist)
28 July 2012
sir,
i am working as a Accountant in manufacturing company. i want to know the Meaning of Share Capital& Share Application money and also difference between Share Capital & Share Application Money with examples kindly solve my problem.
Thanking you sir,
yours faithfully
v.nagaraju
i am working as a Accountant in manufacturing company. i want to know the Meaning of Share Capital& Share Application money and also difference between Share Capital & Share Application Money with examples kindly solve my problem.
Thanking you sir,
yours faithfully
v.nagaraju
Amol S Joglekar
(Expert)
28 July 2012
Money that is paid by the share holder at the time of subscribing capital is credited to share application account. After the resolution, the same is transferred to share capital. In reallife situation, this never happens. You need to consult company secretary for the date of resolution and so on.
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