presentation of "Share Application Money"
This query is : Resolved
07 July 2011
hello friends
i want to know where Share Application Money will be presented in balance sheet as per schedule VI as per Company Act 1956?
i want to know where Share Application Money will be presented in balance sheet as per schedule VI as per Company Act 1956?
07 July 2011
Neither in 'share capital'nor in 'current liabilities'.
ICAI Compendium of Opinions {Vol. XV, (1996 Edn) pages 34 to 36} says 'share application money pending allotment' should be shown in the balance-sheet under a separate heading between 'Share Capital'and 'Reserves and Surplus'.
ICAI Compendium of Opinions {Vol. XV, (1996 Edn) pages 34 to 36} says 'share application money pending allotment' should be shown in the balance-sheet under a separate heading between 'Share Capital'and 'Reserves and Surplus'.
Message likes :
2 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
- TDS 194-T applicability
- GST ITC REVERSE
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- Regarding Applicability of Tax Audit u/s 44AB
- Renovation exp. in flat by family member
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- TDS on TRUST
- New GST registration for new place of business.
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
Quick Links
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
