SHARES APPLICATION MONEY
This query is : Resolved
SIDDHARTH DUGGAR
(Querist)
12 August 2008
ABC Ltd. pays share application money to purchase shares of XYZ Ltd. The share are not allotted till 31/03/08.
In the B/S of ABC Ltd., under which head such payment of share application money should be shown?
In the B/S of ABC Ltd., under which head such payment of share application money should be shown?
CA Abhishek Tyagi
(Expert)
12 August 2008
It should be shown under the head loan & advances under the asset side.
S.Srinivasaraghavan
(Expert)
13 August 2008
In the case of the company, pending allotment under current liabilities
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