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 is World Refugee day observed ?
What key challenge did the 2024 World Migration Report highlight affecting global migration?
In U.P. Value Added Tax (VAT) was levied with effect from -
The famous cattle fair of Bateshwar is celebrated in which district of Uttar Pradesh?
Which state has topped the Public Affairs Index 2022?
Which of the following Mughal Emperor introduced the concept of square Persian-styled gardens in Agra?
What is the capital of Norway?
Who inaugurated the Aadi Mahotsav 2024?
For how long must surrogacy couples purchase health insurance for the surrogate mother as per the Surrogacy Rules 2022?
Vijay Kumar, has won Bronze medal for Judo under ___ kg weight category in the judo men’ s final in Commonwealth games, Birmingham.
