Premium received on issue of shares is shown on

Asked by admin @ 10/08/2021 in Accountancy viewed by 499 People

4. Premium received on the issue of shares is shown on,

a. Equity and liabilities part of the balance sheetb. Assets part of the balance sheetc. Credit side of the statement of profit and lossd. Debit side of the statement of profit and loss

Answered by admin @ 10/08/2021

Question

⠀

4. Premium received on the issue of shares is shown on

⠀

a) Equity and liabilities part of the balance sheet

b) Assets part of the balance sheet

c) Credit side of the statement of profit and loss

d) Debit side of the statement of profit and loss

⠀

Answer

⠀

→ (a) Equity and liabilities part of the balance sheet.

⠀

Note ✓

The share premium account represents the difference between the par value of the shares issued and the subscription or issue price.

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Premium received on issue of shares is shown on

Question

Answer

Note ✓

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