Shares applied for
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2010
What is the accounting treatment given for shares applied for by a company in another company? Is the amount paid on shares be shown under Share capital-share application money or under Advances in Current assets-debtors?
02 August 2010
Show the amount as Share Application A/c in Currents Assets.
02 August 2010
TIll date of Share allotment, it will be shown as Application money for Share Capital in Loan & advance under Current Asset.
As soon as Share alloted agaisnt it, then it will be tranfer to Investment in Shares of ABC Co under Current Assets.
As soon as Share alloted agaisnt it, then it will be tranfer to Investment in Shares of ABC Co under Current Assets.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST ON DAMAGED GOODS
- Taxation on LTCG for property sold after 24JUL2024
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
