An important point to be noted here is that if any advance amount was received during the application, such money should be adjusted towards the share allotment account. However, firstly the advance money should be adjusted against the nominal value of shares, and if any balance remains, it shall be adjusted against the securities premium […]
Monthly Archives: September 2022
23 4 Contingencies
Accurately measuring and valuing gain contingencies is a complex task that requires a blend of financial acumen and strategic foresight. The process begins with identifying the potential sources of gain and understanding the specific circumstances surrounding each contingency. This initial step is crucial as it sets the stage for the subsequent valuation efforts. For instance, […]
