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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.
The Headquarter of SIDBI Is located in
Which of the following is the secondary function of Banks?
I. Collecting and supplying business information.
II. Issuing letters of c...
Which of the following Bank was not nationalized in the First Phase of Nationalization of Banks?
Under which Act, Banking ombudsman has been constituted?
As per the RBI guidelines, Banks will be able to offer short-term crop loans up to one year at what percent of rate per annum?
.............................is a facility extended by the Reserve Bank of India to the scheduled commercial banks (excluding RRBs) and primary dealers ...
Uttarakhand Gramin Bank established after the amalgamation of
What is Notice Money?
The Marine Products Export Development Authority (MPEDA) is organizing the 22nd edition of India International Seafood Show (IISS) 2020 in Kochi from 7-...
‘Project Tatkal’ is a recent initiative of the State Bank of India to speed up the process of _____________.
