hi friends can any one helpme out regarding a quarry about share application money,
Our company spend some amount for purchase fo Assets ad for expenses to our sister company by maintaining a account withe the sister concern at the end of the year the balance amount is transfered to share application money can we do so other what u can mede such balance, if it is shown unsecured loans our company is not charged any interest and we are not spend amount in cheque only ple clarfy this regard
CAclubindia
