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This query is : Resolved
08 April 2012
What is the basic difference between Share application money and share advance?
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.
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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