Share application money
This query is : Resolved
14 May 2013
Dear Experts,
Pls guide me whether share application money can be converted to loan, in case of a pvt ltd company???
Awaiting reply at the earliest.
Thanks & Regards,
Himani Shah
Pls guide me whether share application money can be converted to loan, in case of a pvt ltd company???
Awaiting reply at the earliest.
Thanks & Regards,
Himani Shah
15 May 2013
Application money pending allotment should be treated as current liability as "Share application money pending allotment" and cannot be show under loan as per good accounting practice.
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