Question
Where to show Share application money received in
excess of issued share capital?Solution
Share application money received in excess of issued share capital should be shown as a current liability. When a company receives share application money in excess of its issued share capital, it represents an obligation to return the excess amount to the applicants if the shares are not allotted. The amount which is yet to be allotted will come under Share application money pending allotment, however amount over and above the issued share capital will be shown as current liability.
When Jan Aushadhi Train was flagged off by Dr. Mansukh Mandaviya, Union Minister of Health & Family Welfare and Chemicals & Fertilizers, and Shri Ashwin...
What is the maximum application amount that individuals can utilize UPI for, as per the guidelines issued by SEBI for public issues of equity shares and...
Consider the following statements as per the latest report by the World Gold Council (WGC):
1. India is the world’s largest consumer of gold.
Who has been elected as the 18th Prime Minister of Pakistan by the National Assembly after the resignation of Nawaz Sharif?
The Lunar Polar Exploration Mission (LUPEX) is a planned joint lunar mission by the Indian Space Research Organisation (ISRO) and which of the followin...
Which state/Team bagged the highest number of gold medals at the 36th National Games of India?
Which of the following is NOT an example of small savings?
Who among the following pioneered the movement in the support of widow remarriage and girls’ education in Andhra region?
The International Finance Facility for Education (IFFEd) was launched at the Transforming Education Summit in September ______ by the United Nations.
Who is the current supreme commander of Indian Defense forces?
Relevant for Exams:
