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Share Application Money

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(Querist)
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.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 October 2008 Not in reserves and surplus. May be shown seperately.
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Tajoddin

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Tajoddin (Expert)
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
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
08 October 2008 To be shown as "Share Application money pending allotment " in line between Share Capital and Reserve & Surplus
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
08 October 2008 It should be shown in B Sheet seperately after Share Capital.

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