Why secutries premium account is credited
This query is : Resolved
18 March 2013
hi,sir/mam
my dought is why secutries premium account is credited
we pass journal entry
sh allotment a/c...dr
To sh capital
To secutries account
what is logic behind that?
i mean we can credit whole amt in capital itself.
my dought is why secutries premium account is credited
we pass journal entry
sh allotment a/c...dr
To sh capital
To secutries account
what is logic behind that?
i mean we can credit whole amt in capital itself.
18 March 2013
Share Capital is What Which can't Exceed Authorised Capital.
That is Face Value.
But Security premium is Different, We Can Adjust Security premium for Buyback and Other Losses.
But Not Share Capital Amount.
That is Face Value.
But Security premium is Different, We Can Adjust Security premium for Buyback and Other Losses.
But Not Share Capital Amount.
Message likes :
1 times
18 March 2013
The premium money is a extra amount collecting for issuing shares.
This is not a capital , while redemption we only repay the shares only with out premium money.
Hope u have cleared
This is not a capital , while redemption we only repay the shares only with out premium money.
Hope u have cleared
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Soyabean hsn code and gst rate
- STCG FOR GOLD ETFs
- Long Term Service award taxability in hands of company
- Free lancer income
- Last year TDS Claim
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
