Net worth
This query is : Resolved
29 October 2012
Greetings of the day to all Experts!!
Can anyone tell me whether Share application money pending towards allotment included in the net worth of the company? IF yes/no then Why...
Can anyone tell me whether Share application money pending towards allotment included in the net worth of the company? IF yes/no then Why...
29 October 2012
Hi Share Application money is generally do not form part of Net worth as if share are not actully issued the money will be refund. Net worth is generally taken as owners equity which mostly includes capital and reserves and surplus. However in private limited companies or sometimes in limited companies as well share application money is also generally paid by promoter only and is never return back. therefore sometimes it is taken into the account while computing net worth. some banks also accept it while others do not. it is a mix. therefore u can decided according to your requirement and if you have to give any ca certificate then you can discuss the ca if he is ready to consider the same..
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST ON DAMAGED GOODS
- Taxation on LTCG for property sold after 24JUL2024
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
