what is the maximum time for which the share application money can be shown in the balance sheet???
1 Replies
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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