Accounting entry

when u issue share applications ... the entry is
Share Applications DR

             To Share Capital

and only when u get money

Bank A/c     DR

     to Share Applications

 This is the entry ......

But in tally that share application account will come under which sub head?

Will it make any difference if I put it to Escrow A/c but not much familiar with this can u thorow some light on this to me?

Put it under Current asset account... as the money wil be received only next year .. and put share capital in liabilities side.. so balance sheet will tally.. once the money received it wiill be reversed... and the amount received through bank will be shown in the assets side for the next financial year ..

Hi

The Entry will be when u allot it will be Share Application A/C Dr to Share Capital A/C

Once u receive the amount it will be Bank A/C (DR) to Share Appliacation(CR)

Now u will show the Share Application under Current Asset., (As a separte Line Item)