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allotment pending treatment ?

Others 1014 views 4 replies

if allotment is pending till that period where will investor show application money in B/s?whether as loan and advances(Assest)? 

Replies (4)

hey buddy

a/c to me it shud appear on the asset side of B/S as Share Application Money

thanks nikita for answering .

assets side is divided into 5 parts namely:

Fa

inv.

CA,  loans and advances

Misc. exp.

so i wanted to  know  under  which above mentioned head as i should op, a/c "share appliaction money".whether ca, loans and advances or investments.

thanks bye

cant be investment as shares are not allotted but i think it has to be loans and advances.confirm this and let me know

Yes.

Under Loans & Advances.


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