Easy Office
LCI Learning

share application money

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 November 2008 if any money has been given for purchase of shares but the allotment is still pending, how it will be treated in our books?
whether it will be shown under investments since we have paid money for that or will it be shown as advance since allotment is pending.
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
05 November 2008 Advance as the shares are not yet allotted in your name.
Profile Image

CA Bosu babu

Profile Image

CA Bosu babu (Expert)
05 November 2008 Show as advance paid for allotment of shares until you get confirmation letter from the co.



Profile Image

CA R N Mohil

Profile Image

CA R N Mohil (Expert)
05 November 2008 As advance recoverable in cash or kind or for value to be recd

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links