what is the maximum time for which the share application money can be shown in the balance sheet???
deshbhagat (CA final) (28 Points)
22 June 2009what is the maximum time for which the share application money can be shown in the balance sheet???
ajay agrawal
(CA-Final Nov 10)
(129 Points)
Replied 23 June 2009
in case of Share Application money if shares are not subscribed for minimum 90%, u hav to reurn it back within the specified period. it means u can show a max to max in one balance sheet, think again how is it possible to show in 2 B/S
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