share application money
This query is : Resolved
09 March 2009
can anyone pls explain me what is share application money & how is it accounted
09 March 2009
When the company issues prospectus.
the people or company whoever want to purchase the shares. they have apply for the shares required by them .
At the time applying for the shares they are required to make some payment foe the shares required.
so at the time of applying the shares if any amount has been paid it is called as application money
the people or company whoever want to purchase the shares. they have apply for the shares required by them .
At the time applying for the shares they are required to make some payment foe the shares required.
so at the time of applying the shares if any amount has been paid it is called as application money
09 March 2009
In case of shares u can see
Application money
Allotment money
Call money
Application money :
Is the money collected by the company at the time making an application for purchase of shares.
Allotment Money :
is he money collected by the company after making an allotment of the shares required by them
Call money :
is the money collected by the company after a particular period of time
Application money
Allotment money
Call money
Application money :
Is the money collected by the company at the time making an application for purchase of shares.
Allotment Money :
is he money collected by the company after making an allotment of the shares required by them
Call money :
is the money collected by the company after a particular period of time
09 March 2009
Entries for application money :
Bank a/c dr
To Share Application a/c
Share application a/c dr
to Share capital a/c
Bank a/c dr
To Share Application a/c
Share application a/c dr
to Share capital a/c
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