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Investment Disclosure

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(Querist)
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
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Gopal

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Gopal (Expert)
08 September 2009 It has to be disclosed under "Advance-Subscription of shares"
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Manoj Kumar Jain

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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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