Tag Archives: Net worth

Net worth does not include non refundable share application money pending allotment

By | October 2, 2015

An unlisted company accepted share application money on 15 March 20X2 for allotment of shares. The terms with shareholders provide that share application money shall not be refunded. Shares could not be allotted as at the year ending 31 March 20X2. Now the company is finalizing its financial statements as at 1 Sept 20X2 and… Read More »