Share Application Money
This query is : Resolved
Shrinivas Bhutda
(Querist)
08 October 2008
Can u jst help me on this.....whethet Share Application money can be shown as a Reserves & Surplus as per Sch.VI or it can be shown on face of Balance sheet seperately.
08 October 2008
Not in reserves and surplus. May be shown seperately.
08 October 2008
You have to shown in the schedule 1 of
1. Share capital - 1
2. Share Application Money - 2
Total Shown as Share Capital in B/Sheet
Note: not shown in Resurves & Surplus
1. Share capital - 1
2. Share Application Money - 2
Total Shown as Share Capital in B/Sheet
Note: not shown in Resurves & Surplus
CMA Jitendra Singh
(Expert)
08 October 2008
To be shown as "Share Application money pending allotment " in line between Share Capital and Reserve & Surplus
08 October 2008
It should be shown in B Sheet seperately after Share Capital.
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