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Commerce · Q1332

Accounting

Graduate and Post Graduate · Commerce · question 1332

Q1332

Premium received on the issue of shares is shown in:

A.
Debit side of Profit and Loss Account
B.
Credit side of Profit and Loss Account
C.
Assets side of the Balance Sheet
D.
Liabilities side of the Balance Sheet
Answer

Answer: Option D

Solution

Answer: Option D
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