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Share application money pending allotment

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2013 Dear sir,
What is mean by share application money pending allotment how to calculate it ?

Thanking advance

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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 July 2013 There is no calculation for it. It is just the amount which has been received as Share Application Money and allotment against which is yet to be made.

This amount to be shown as separate line item under "EQUITY AND LIABILITIES".
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