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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Capital Gains on sale of residential flat
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
