A Assertion Premium received on issue of shares is credited to share premium account but not to Pro...........

Miscellaneous Others

(A) Assertion : Premium received on issue of shares is credited to share premium account but not to Profit and Loss account.

(R) Reasoning : Since share premium is not a trading profit, it is not distributed to shareholders.

Both (A) and (R) are true but (R) is not correct explanation to (A).

(A) is false but (R) is correct.

Both (A) and (R) are true and (R) is correct explanation of (A).

(A) is correct but (R) is false.

Both (A) and (R) are true and (R) is correct explanation of (A).

Submit Error