Share premium and share application money

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ATUL ANAND (Querist)
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09 September 2011 My company prepare the Balance Sheet as on March 31, 2011 in which we shows that Company received the share Premium and Share Application of Rs.1.00 core on March 31, 2011. But the same cheque is cleared on the bank statment on September 5, 2011. It is correct to show in the balance sheet as on March 31, 2011 under the head share premium and share application money with the credited amount of Rs.1.00 core in the bank statment after the March 31, 2011?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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11 September 2011 How it is possible. For clearing it take only 1 or maximum 2 days and your planning no one will believe.

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