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Premium on the issue of shares should be shown: a
Premium on the issue of shares should be shown:
a.
In the income statement
b.
On the equity and liability side of the balance sheet
c.
Fund flow statement
d.
On the asset side of the balance sheet
Expert Solution
B) On the equity and liabilites side of the balance sheet
When shares are issued at value which is more than it's par value then the amount in the form of premium collected for shares which is over and above the par value then it is credited to a account called securities premium reserve account which is shown under the head reserves and surplus and reserve and surplus are shown on the equity and liabilites side of the balance sheet.
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