Share application money

This query is : Resolved 

19 June 2009 In abstract part of B/s we have to show paid up capital so what will be treatment of share application money, will it be added to paid up capital or reserve & surplus

if not then can we show it separetely after paid up capital??

19 June 2009 Application money for which share has not been alloted shall be shown as advance

19 June 2009 When u prepare ur schedule of capital you will adjust the share application money accordingly. Later on in abstract part the same figure of paid up capital shall be used thus indirectly the amount of share application money should be added to paid up capital.


Regards


19 June 2009 absolutely agree but how can we add up share application money in paid capital as allotment has not been done??

19 June 2009 You have show it separately.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries