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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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