You have a high probability of creating a principle loss.
it is neither an expense nor an income
Income = expense + savings&investments Income = expense + savings&investments
it is neither an expense nor an income
Its an expense
You have a high probability of creating a principle loss.
exspense charges that are premium.
it is neither an expense nor an income
Income = expense + savings&investments Income = expense + savings&investments
it is neither an expense nor an income
To the depositor, it is an income but to the bank or institution providing the fixed deposit as a product, it is an expense.
debit cashcredit share capitalcredit share premium
Its an expense
Its an expense
Interest expense is shown at debit side of income statement because it is an expense for business.
Debit Cash accountCredit share capitalcredit share premium accoun
In case the shares have been issued at a premium and the amount of premium has been received then at the time of forfeiture of such share (a) share premium account should be debited (b) share premium account should be credited (c) share premium account should be neither debited nor credited (d) none of these