Premium received on issue of shares is shown on-----------.
A. asset side of the balance sheet
B. liability side of the balance sheet
C. credit side of the P&L a/c.
D. debit side of the P & L a/c
Answer:B
Premium received on issue of shares is shown on-----------.
A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c