hello sir,
iam little bit confused with this topic, share application money. can any one explain with live example.
i have observed 5 years balance sheet of XYZ co, some of the years the share application money figure was changed, as of my knowledge, share application should be equallant to the figure of sahre capital.
please help me out of this query
I think in Balance sheet you may have seen share application money pending allotment. This is the amount of application money received by the company but the shares have not been allotted. This amount can be changed over the years depending on the allotment made or new application money received
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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