dear collegues,
A pvt Ltd Co having Authorised share capital of Rs 10 laks . Issued Rs 1 lakhs. Co has an Share capital Advance of Rs 9 laks.
In the previous year Rs 9 laks recevied from directors is shown as Share capital Advance.
In the current Year as per Rev Sch Vi. There is no item like share capital Advance instead of Share application money pending allotment.
if we want to show under share application money pending allotment. the amount should be equal to or less than share issued.
How we can solve this situation by showing the amount under Share application Money pending allotment. what all steps has to be taken?
Help me to sort out this problem?
CAclubindia
