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This query is : Resolved
26 August 2014
What is the difference between share application money and share capital
26 August 2014
Dear Prakash,
Amount received by company for allotment of shares is called 'share application money' till shares are allotted.
On the allotment of the same it will become 'share capital'
Amount received by company for allotment of shares is called 'share application money' till shares are allotted.
On the allotment of the same it will become 'share capital'
Rupesh Jain
(Expert)
27 August 2014
when you recd the money from the applicant then money remain in share application money. after allotment of share its tfr as share capital a/c
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