Dr bal in share premium a/c
This query is : Resolved
Riddhi Shah
(Querist)
08 May 2012
I have dr balance in P& L A/c and new shares are to be alloted at premium then is there any way that the premium recd will effect my P&L a/c?
Aditya Maheshwari
(Expert)
08 May 2012
no there is no way.
Riddhi Shah
(Querist)
08 May 2012
Thank u v much
CA Prasanna
(Expert)
08 May 2012
Share premium recieved should be credited to "Securities Premium A/c" and must not recorded as revenue.
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