Share application money
This query is : Resolved
Anagha KOlapkar
(Querist)
13 October 2012
There is Company "Vinod Limited" in which "Anagha Limited" is holding shares.
There is a Share Application Money Pending for Allotment in the liability side of the Vinod Ltd.
So my query is that under which head in Assets side (as per Revised Schedule VI) the Anagha Ltd will disclose that Share Application Money ?????
Should it disclose as an Investment or as an Assets ... ????
There is a Share Application Money Pending for Allotment in the liability side of the Vinod Ltd.
So my query is that under which head in Assets side (as per Revised Schedule VI) the Anagha Ltd will disclose that Share Application Money ?????
Should it disclose as an Investment or as an Assets ... ????
Ajay Mishra
(Expert)
13 October 2012
Hi
If in the Vinod Limited balance sheet shows it as share application money pending allotment then in the Anagha Limited Balance Sheet treat it as investment in Vinod Limited.
If in the Vinod Limited balance sheet shows it as share application money pending allotment then in the Anagha Limited Balance Sheet treat it as investment in Vinod Limited.
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