Hello people, This is just a general question. I am working on a set of accounts at the moment and there has been a debit figure on the balance sheet for share premium since pre 2005 year end, constantly b/f & c/f. (i.e. for at least 10 years!)
It was my understanding that the share premium account cannot be a debit. Unfortunatly I dont have records going back further than 2005 so I cant follow it through.
It isnt a material figure Im talking about, but Im just curious as to how it arose. I thought Share Premium accounts could only be a credit??
Any ideas?
Author
Posts
Viewing 1 post (of 1 total)
You must be logged in to reply to this topic.
Cookies
We serve cookies. If you think that's ok, just click "Accept all". You can also choose what kind of cookies you want by clicking "Settings". Read our cookie policy