Net worth
This query is : Resolved
ANJALI NEGI
(Querist)
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...
Arun Biyani
(Expert)
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
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Import of Capital Machine
- Capital gain on commercial property and investment in residential property
- TDS Return Statement Status
- Rent agreement of House of deceased person
- ARCA LOGIN
- Closer of business and itc of capital goods
- Rectification under processing even after 6 months cpc portal
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
