Rudrayani Shedjale (Assistant Accountant) (751 Points)
10 April 2019we have received money from directors to increase the share capital of the company.
but the process of increasing capital has not completed as on 31.3.19
shall we show the money under
Share Capital
a.authorized capital
b.issued capital
C.subscribed & paid up capital
D.share application money
please advise
Rudrayani Shedjale
(Assistant Accountant)
(751 Points)
Replied 10 April 2019
in provisional balance sheet can we shw this money under share capital as share application money?
charan sr
(8 Points)
Replied 11 April 2019
Rudrayani Shedjale
(Assistant Accountant)
(751 Points)
Replied 11 April 2019
so is it wrong if i show it under Share holders funds as share application money? the money has brought by owner only. also it will not be called as owners's fund?
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 11 April 2019
Rudrayani Shedjale
(Assistant Accountant)
(751 Points)
Replied 12 April 2019
& also it will be included in net worth of the company?
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 12 April 2019
Rudrayani Shedjale
(Assistant Accountant)
(751 Points)
Replied 12 April 2019
the money brought by directors only to increase capital of the company.
the procedure of increasing capital has not done as on 31.3.19
so it can't be the net worth of the company?
smnti jain
(39 Points)
Replied 16 April 2019
| Originally posted by : charan sr | ||
 |
As per schedule 3 Part 1 of comapnies act it shall be disclosed under share application money pending allotment on the liabilities of the balance sheet |  |
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