Premium on the issue of shares should be shown ........

General Accounting Principles Accounting for Shares

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Premium on the issue of shares should be shown :

On the Assets side of balance sheet

On the Equity & Liabilities side of balance sheet

In profit & loss Statement

None of the Above

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Explanation:

This premium is rarely recorded in an account having that name. Instead, it is more commonly recorded in an account called Paid-In Capital In Excess of Par Value. It may also be recorded in an account called Additional paid in capital, The account appears in the shareholder's Equity & Liabilities side of balance sheet