Limited Company Formats (AS Level Only): Share Premium Account Format (Copy)
Share Premium Account Format
Standard Share Premium Account Layout (Exam-Preferred)
Share Premium Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Balance b/d | xxxx | ||
| Share Premium On Issue Of Shares | xxxx | ||
| Balance c/d | xxxx | ||
| Balance b/d | xxxx |
- Records Amount Received Above Nominal Value
- Separate From Ordinary Share Capital
- Treated As Capital Reserve
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Share Premium Account With Issue Of Shares During The Year
Share Premium Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Balance b/d | xxxx | ||
| Share Premium On Issue | xxxx | ||
| Balance c/d | xxxx | ||
| Balance b/d | xxxx |
- Only Premium Portion Credited
- Nominal Value Credited To Ordinary Share Capital
Share Premium Account Without Date Column (Accepted)
Share Premium Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Balance b/d | xxxx | ||
| Share Premium | xxxx | ||
| Balance c/d | xxxx | ||
| Balance b/d | xxxx |
- Used When Dates Are Not Provided
- Clear Labels Mandatory
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Share Premium Account With Permitted Uses (AS Level Scope)
Share Premium Account
| Debit (Dr) | Amount | Credit (Cr) | Amount |
|---|---|---|---|
| Issue Expenses | xxxx | Balance b/d | xxxx |
| Balance c/d | xxxx | Share Premium On Issue | xxxx |
| Balance b/d | xxxx |
- Share Premium May Be Used To Write Off Issue Expenses
- Use Must Be Clearly Labelled
Items Recorded In Share Premium Account
- Share Premium On Issue Of Shares
- Balance b/d
Permitted Uses Of Share Premium (AS Level)
- Writing Off Share Issue Expenses
- Issuing Bonus Shares (If Tested)
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Items Never Recorded In Share Premium Account
- Ordinary Share Capital
- Dividends
- Profit Or Loss
- General Expenses
Presentation Rules For Share Premium Account (Exam Scoring)
- Clearly Label “Share Premium Account”
- Do Not Mix With Retained Earnings
- Balance b/d And Balance c/d Must Be Shown
- Premium Calculated As:
- Issue Price − Nominal Value
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Common Labels Used In Share Premium Account
- Share Premium
- Share Premium On Issue
- Balance b/d
- Balance c/d
Compact Share Premium Account Template (Emergency)
Share Premium Account
Balance b/d xxxx
Share Premium On Issue xxxx
Less: Issue Expenses (If Any) xxxx
Balance c/d xxxx
One-Glance Exam Template
Share Premium
Credit Premium Only
Capital Reserve
Limited Use