Investment Disclosure
This query is : Resolved
07 September 2009
Hi,
Can any one tell me whether share application money paid by a company need to be shown in investment or Advance
plz reply as soon as possible
Thank you
Can any one tell me whether share application money paid by a company need to be shown in investment or Advance
plz reply as soon as possible
Thank you
08 September 2009
It has to be disclosed under "Advance-Subscription of shares"
Manoj Kumar Jain
(Expert)
08 September 2009
Till the shares are alloted, it has to be shown as Advance- Subscription of shares under the schedule Loans & Advances and after the shares are alloted, it should be shown in Investment Schedule either as Long term Investment or Short Term Investment depending on the nature of investments.
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