If we are making Balance sheet as per schdule VI, then where we will present Share appliction money?
Can we show share application money under the head current liabilities?????
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Share application money
Replies (4)
Under Share Capital as a separate item.
Nitin is rite...
No, share application money is not a current liabilities because as per real defination of Current liabilities......and the true answer is, it can show as under share capital head.....
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