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What is the journal entry for share premium?

debit cashcredit share capitalcredit share premium


How is share premium entered into the books?

Debit Cash accountCredit share capitalcredit share premium accoun


Issuing share at premium?

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


What Share premium?

the amount payable for a share above its nominal value. Most shares are issued at a premium to their nominal value. Share premiums are credited to the company's share premium account.


Is Share premium as capital or revenue reserve?

Share Premium is a Capital Reserve. They cannot pay dividends because share premium is a non trading activity.


What is the effect of a bonus issue on the share capital and share premium account?

Bonus shares increases the share capital while reduces the share premium account because amount of share premium is used to issue bonus shares.


Can premium be written off to the share premium account?

no


If forfeiture share is reissued at premium then why security premium is credited?

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


What is Issue of shares at premium?

Issue of share at premium mean when the share are issue at more than the price of the face value of the share, then it is said to be issue of share at premium. mean: the face value is Rs.10 and the share issue at Rs.12, then the extra Rs.2 is known as the amount of premium...


When calculating the cost of capital how should the share premium be calculated?

share premium could be calculated as by getting the difference between the market price of the share and its nominal price. Formula: Share Premium= Market Price - Nominal Price


What are the uses of share premium?

Share premium is used for many purposes and 1 of them is redemption of preference shares and debentures


What is a share purchase agreement?

a share purchase agreement is an agreement that summarize the condition of the investment made by the investor in return for shares in the company