Entry for purchase of share on premium

This query is : Resolved 

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.

11 October 2022 If purchased from market then COA will be Rs. 1200/- only.

12 October 2022 Thanks a lot for the education Sir...

12 October 2022 You are welcome ...


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