Presentation in B/S
This query is : Resolved
CA. Gaurav Agarwal
(Querist)
21 September 2008
There are two co's A and B. A purchase shares in B but the shares are not alloted by 31st March.
Whats the accounting treatment in both the co's as for A its can't be treated as investment as shares are not alloted and for B its no share issued.
How the presentation be made in both the B/S.
Whats the accounting treatment in both the co's as for A its can't be treated as investment as shares are not alloted and for B its no share issued.
How the presentation be made in both the B/S.
21 September 2008
co by whom amount is given will be shown u/h loans & advances.
22 September 2008
For 'A', it is not the investment untill the shares are alloted to it and as such, should be grouped as an item of Loan and Advances. For 'B' it is not the share capital and should be shown as Share Application Money seperately.
CA. Gaurav Agarwal
(Querist)
24 September 2008
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