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?????
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?????
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.....
Shyam Joshi & Associates
Pune
B.Com
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