issue of share premium is
a) profit
b. income
c. revenue receipt
d. capital receipt
Answers
Answered by
2
Explanation:
Any amount charged over and above the face value of the share is called a premium amount. Capital receipts are those receipts which are of non recurring nature and leads to creation of liability or decrease in assets. ... So, it is a capital receipt.
Answered by
1
Explanation:
profit
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