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(Querist)
08 April 2012 What is the basic difference between Share application money and share advance?
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Ajay Mishra

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Ajay Mishra (Expert)
08 April 2012 Hi

Share application money means money received against shares but allotment of shares is pending. If allotment is made then share application money will be converted in to share capital.

Share advance means allotment of shares but payment against shares is still pending.
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