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      Question

      As per Schedule III, Share Application Money pending

      allotment is shown under:
      A Share Capital Correct Answer Incorrect Answer
      B Current Liabilities Correct Answer Incorrect Answer
      C Non-Current Liabilities Correct Answer Incorrect Answer
      D Other Equity Correct Answer Incorrect Answer

      Solution

      Share application money pending allotment is classified under "Other Current Liabilities" as it's a short-term obligation that will either be converted to share capital or refunded.

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