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.
India's first national park for differently abled people has been inaugurated in:
Which of the following animals is used for transport in Tibet?
Who is the author of Studies in Skandapuran?
Government of India has declared the year 2018 to be:
Sultan Mahmud, known for his invasions of India, was based in which city of Afghanistan?
Which site was recently inscribed as India's 43rd World Heritage Site and the first cultural heritage of North East India in the UNESCO list?
Which of the following state has partnered with Johnson & Johnson for effective health intervention among its population?
Where is the Arignar Anna Zoological Park located?
Regarding Inter Tropical Convergence Zone (ITCZ), consider the following statements:
1. By July, the ITCZ shifts northwards roughly parallel t...
In which year was Hariprasad Chaurasia honored with the Padma Vibhushan for his contributions to Indian classical music?
