Premium on the issue of shares should be shown :
A) On the Assets side of balance sheet
B) On the Equity & Liabilities side of balance sheet
C) In profit & loss Statement
D) None of the Above
Correct Answer:
Verified
Q12: Public subscription of shares include :
A)To Issue
Q13: Issue of shares at a price lower
Q14: Persons who start a company are called
Q15: Share Application Account is in the nature
Q16: If vendors are issued fully paid shares
Q18: From which account, expenses on issue of
Q19: Pro-rata allotment of shares is made when
Q20: If applicants for 80,000 shares were allotted
Q21: If 500 shares of 10 issued at
Q22: Discount allowed on re-issue of forfeited shares
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