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Preparation and presentation of Financial statements
Accountancy
Sir, In Balancesheet they have given 12% debentures and bank balance is given. 1)What we have to assume sir Whether interest paid and bank balance already adjusted or 2) Interest is payable 3) interest is to be paid and reduce from bank balance
Answers (3)
Thread Starter
M NareshSir we know for effective capital purpose paid up share capital , paid up share capital Excluding application money pending on Allotment.. Here why we are not deducting the share application money pending on allotment From paid up share capital ?
Because paid up share capital doesn't include that amount. Had it been added, we would deduct then
