if allotment is pending till that period where will investor show application money in B/s?whether as loan and advances(Assest)?
abhishek bhatt (CA student) (136 Points)
02 January 2009if allotment is pending till that period where will investor show application money in B/s?whether as loan and advances(Assest)?
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:
Fa
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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