Premium on issue of shares must be credited to a separate account called ............

CS Executive · Corporate and Management Accounting · PYQS · June 2021
Premium on issue of shares must be credited to a separate account called ............
(A) Share Premium Account
(B) Securities Premium Account
(C) Discount on Issue of Shares
(D) Securities Profit Account

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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