If 2000 shares are issued for 10 rs and 6 rs.application with premium of 2 rs..
bank 16000
to share application 12000
to sec. prem 4000
is this correct?
why cnt we write securities premium ?
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Query...........
Replies (1)
Bank A/C Dr 16000
To Share Application A/C 16000
Share Application A/C Dr 16000
To Share Capital A/C 12000
To Securities Prem A/C 4000
Combined Entry-
Bank A/c Dr 16000
To Share Capital A/C 12000
To Securities Premium A/C 4000
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