Schedule VI
This query is : Resolved
Saurabh Singh
(Querist)
19 June 2010
Hi,
I just wanted to confirm that amount paid to other company as share application money for purchasing its shares will be shown under "Investment or loans and advances" heading in assets side.
Allotment is pending
Thanks
saurabh
I just wanted to confirm that amount paid to other company as share application money for purchasing its shares will be shown under "Investment or loans and advances" heading in assets side.
Allotment is pending
Thanks
saurabh
Shudhanshu Agrawal
(Expert)
19 June 2010
They should be part of Loans and advances as the application money is a kind of advance until and unless allotment is made.
hshivakumar
(Expert)
19 June 2010
If share is not alloted then it should be shown under Loans & Advance
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