Share Application Money

This query is : Resolved 

08 October 2008 Can u jst help me on this.....whethet Share Application money can be shown as a Reserves & Surplus as per Sch.VI or it can be shown on face of Balance sheet seperately.

08 October 2008 Not in reserves and surplus. May be shown seperately.

08 October 2008 You have to shown in the schedule 1 of

1. Share capital - 1
2. Share Application Money - 2

Total Shown as Share Capital in B/Sheet

Note: not shown in Resurves & Surplus


08 October 2008 To be shown as "Share Application money pending allotment " in line between Share Capital and Reserve & Surplus

08 October 2008 It should be shown in B Sheet seperately after Share Capital.



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