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Dr bal in share premium a/c

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(Querist)
08 May 2012 I have dr balance in P& L A/c and new shares are to be alloted at premium then is there any way that the premium recd will effect my P&L a/c?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 May 2012 no there is no way.
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Riddhi Shah

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Riddhi Shah (Querist)
08 May 2012 Thank u v much
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CA Prasanna

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CA Prasanna (Expert)
08 May 2012 Share premium recieved should be credited to "Securities Premium A/c" and must not recorded as revenue.

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