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Schedule VI

This query is : Resolved 
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(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
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Shudhanshu Agrawal

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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.
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hshivakumar

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hshivakumar (Expert)
19 June 2010 If share is not alloted then it should be shown under Loans & Advance
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