allotment pending treatment ?

abhishek bhatt (CA student) (136 Points)

02 January 2009

if allotment is pending till that period where will investor show application money in B/s?whether as loan and advances(Assest)?

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4 Replies

Nikita Khandelwal (Student) (86 Points)
Replied 02 January 2009

hey buddy

a/c to me it shud appear on the asset side of B/S as Share Application Money

abhishek bhatt (CA student) (136 Points)
Replied 03 January 2009

thanks nikita for answering .

assets side is divided into 5 parts namely:

inv.

CA, loans and advances

Misc. exp.

so i wanted to know under which above mentioned head as i should op, a/c "share appliaction money".whether ca, loans and advances or investments.

thanks bye

aasita (ACA) (387 Points)
Replied 05 January 2009

cant be investment as shares are not allotted but i think it has to be loans and advances.confirm this and let me know

CA Nitin Wadhwani (Chartered Accountant) (4469 Points)
Replied 06 January 2009

Yes.

Under Loans & Advances.

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