share premium?

Answer Posted / ca. pawan kumar garg

Whatever share issued in excess of face value is credited
to share premium account. It can be used for limited
purpose only. It is shown under reserve and surplus head.

Is This Answer Correct ?    17 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

my qustion is what is H foam and where use

1384


What is the relationship between, issued share capital, share premium and paid up capital?

1898


What Question ask in MARKIT Company?

6512


Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

2678


Short Answer on _________________City Compensatory allowance

1516






1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?

1503


WhatIs the limit of duty exemption in smal scale industries.

1716


Define Salry for the following purpose 1.To calculate HRA

1736


What do you mean by Adjustment

1442


In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

1668


i want know how to calculate it in payroll please mail me the percentages using there ?

1613


discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?

1472


why gross profit transfering to profit & loss account

3590


hi guys, pls refer me how to preppare for Indian Bank exams.

1947


while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

1550