SEIS accounting entries

SarahLily Registered Posts: 5 New contributor 🐸
I have just taken on a small company that is a start-up business and has received assured SEIS investment. The investor has paid £15,000 for 1,111 £.01 shares, i.e. he paid an excess £14,988.89 Is it correct to use a share premium account to hold this excess so that the issued share capital is correct and the total capital reflects the full investment?
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