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Please Help: balance sheet

Posted Date : 01-Sep-2014 , 02:55:10 pm | Posted By: Ajay

Category : Accounts | Answers : 0| Comments : 2| Hits: 314

share applicaton money pending from last year and appearing in last year balance sheet.. how should be treated now or just be shown in the balance sheet of cy also

Comments
Posted By : Parrkash Daga 20-Mar-2015, 01:33:33
As per new companies Act 2013 (Sec 73), Share must be alloted within 60 days from date of received of application money otherwise it treat as deposit & require to interest on such deposit
 
Posted By : Piyush Laddha 03-Oct-2014, 10:39:11
I agree with Nidhi..Share application money is not remain o/s so you should classified that share application money under Short term borrowings.
 

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