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Entry for purchase of share on premium

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ABDUL SALAM

ABDUL SALAM (Querist)
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11 October 2022 Dear Sir,

We bought few shares on premium i.e. Face Value of each share is Rs.1,000/- and we bought each share at Rs.1,200/-. Could you please guide me in passing an entry for the premium amount.

Thank you.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 October 2022 If purchased from market then COA will be Rs. 1200/- only.

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ABDUL SALAM

ABDUL SALAM (Querist)
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12 October 2022 Thanks a lot for the education Sir...

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 October 2022 You are welcome ...

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