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Q. > Please Help: balance sheet
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
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Comments
Piyush Laddha
03-Oct-2014 , 10:39:11 amI agree with Nidhi..Share application money is not remain o/s so you should classified that share application money under Short term borrowings.
Parrkash Daga
20-Mar-2015 , 01:33:33 amAs 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