05 April 2013
A company has raised 'Advance against Share Capital'. What is the correct treatment of this account for the purpose of calculating earnings per share.
27 May 2013
It is nothing but share application pending allotment. Till allotment is made it cannot be treated as share capital and accordingly after excluding this amount you have to calculate EPS
27 May 2013
Thank you Sir, this is exactly what I've done.....but I got earlier replies negating my view....I ignored them because they had no reason to suffice.
CAclubindia
