minimum 5% of face value of shares
depends if they like dan, they might get jealous and not share at all.
5%1 kilogram = 1000 grams6 kilograms = 6000 grams% rate:= 300/6000 * 100%= 0.05* 100%= 5%
If I give you something then it becomes your property - "I can give you a bar of Chocolate for your birthday". If I share something with you then it remains mine but we both use it - "I can share a bare of Chocolate with you and we both eat it together".
It would be a quarter.
No, they are not. They share 3 as a factor.
Share application money pending allotment is nothing but the application amount is received and shares are not alloted by the company.share warrants are bearer documents which are used at the time of share transfer
Share premium account is that amount in which amount in excess of par value of shares is received while share application accounts records all money received from potential investors in process of share issue.
The sahre application is very much a part of the sahre holders money, hence, the same should be treated at par with the share capital unless the period of 60 days has been elapsed.
The correct accounting treatment in respect of share application money is analysed as below: · Section 211 of the Companies Act, 1956 provides that the balance sheet of a company shall give a true and fair view of the state of affairs of the company and shall be in the form (either horizontal or vertical) as set out in Part I of Schedule VI. · The broad heads under "Liabilities" therein are (i) Share Capital, (ii) Reserves and Surplus, (iii) Secured Loans, (iv) Unsecured Loans and (v) Current Liabilities and Provisions. The item of 'share application money' does not appear in the subheads under any of these heads. · Any subscription received by a company against issue of share capital can be regarded as "subscribed share capital" only when the share capital is actually subscribed and allotted as well. Until the allotment is made, any subscription cannot be included in the amount of subscribed share capital. [ICAI Compendium of Opinions, Vol. XII, pp. 121 to 123]. Share application money, therefore, cannot be treated as 'Share Capital". · Share application money only in respect of invalid or revoked applications and excess application money received due to over-subscripttion, however, may be treated as "Current Liabilities". The instant case does not satisfy any of the above, hence cannot be treated as "Current Liabilities" Share application money, therefore, can neither be categorized as "Share Capital' nor "Current Liabilities". · The ICAI Compendium of Opinions, [Vol. XV, (1996 Edn.) pp. 34 to 36], opines that the "share application money pending allotment" should be shown in the balance-sheet under a separate heading between "Share Capital" and "Reserves and Surplus". · Share application money is also not an instrument, much less an Equity linked instrument.
bank A/C Dr To Share Applications A/C (APPLICATION MONEY FOR_____ SHARES@Rs _____per share received share application a/c Dr TO SHARE CAPITAL A/C (APPLICATIONS MONEY ON _____ SHARES AT Rs ____ PER SHARE ALLOTED AS PER DIRECTORS RESOLUTION NO____DATED____TRANSFERED TO SHARE CAPITAL
it's face value is the minimum price of the share
Debit Cash / bankCredit share application accountDebit Share Application accountcredit share capital account
share totel share equaily
Advance subscription of shres
Share application monies are the cash received by an enterprise issuing shares by people who are interest to become share holders of that enterprise.
Quotas are:A proportional part or share; the share or proportion assigned to each in a division.A prescribed number or percentage that may serve as, for example, a maximum, a minimum, or a goal.A restriction on the import of something to a specific quantity.
The alternate minimum tax was introduced in an attempt by Congress to ensure that higher income taxpayers paid their "fair share" of taxes, i.e., a higher percentage irrespective of many deductions otherwise available.