vikas gupta (c.a final....) (714 Points)
30 March 2011
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 ?
CA Kanchan Jha
(Finance & Accounts Executive)
(493 Points)
Replied 30 March 2011
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
CAclubindia
