CUET Preparation Today
| Where will the premium received on the issue of shares be shown? |
Equity and liabilities side Asset side Non-current asset side None of these |
| Equity and liabilities side |
| The premium received on issued shares must not be mixed with the share capital. Instead, it must be credited to a separate account known as the share premium account and shown as a separate item on the liability side of the balance sheet. |
