Share Application Money
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2010
Can a Company credit a Share Application Money Account by way of raising Debit in the name of Sharholder in Company's Books or Money should be introduced in Share Application Money Account only by payment to compnay in cash.
Its in case of Private Ltd. Co.
Its in case of Private Ltd. Co.
09 April 2010
IT SHOULD BE SHOWN IN SHARE APPLICATION MONEY ACCOUNT. OR ALTERNATIVELY A GROUP NAMED SHARE APPLICATION MONEY CAN BE CREATED AND NAME OF PARTY CAN BE SHOWED IN THAT GROUP.
09 April 2010
as per my opinion Money should be introduced in Share Application Money Account only by payment to company in cash.
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