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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › accounting for limited liability company
Hello sir, the ledger entry for the share premium and reserve is not clear.
Like debit share premium or reserve
credit share capital.
I learnt that by crediting share capital you are reducing the figure and debiting share premium you are increasing it. How will the entry be accurate if we issue more of right issue which will surely increase the share capital.
Thanks
