Share Application Money

This query is : Resolved

Shrinivas Bhutda (Querist)
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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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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08 October 2008 Not in reserves and surplus. May be shown seperately.

Tajoddin

Tajoddin (Expert)
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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

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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08 October 2008 To be shown as "Share Application money pending allotment " in line between Share Capital and Reserve & Surplus

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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08 October 2008 It should be shown in B Sheet seperately after Share Capital.

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