Contributed surplus is the accounting term used whenever shares are sold at a price above their stated par value the value authorized in the company's charter and included on the stock certificate.

Is contributed surplus an asset or liability?

A contributed surplus is a type of income that a business brings in, so it counts as cash, a common asset on the balance sheet.

What kind of account is contributed surplus?

Contributed surplus is an account in the shareholders' equityStockholders EquityStockholders Equity (also known as Shareholders Equity) is an account on a company's balance sheet that consists of share capital plus section of the balance sheet that reflects excess amounts collected from the issuance of shares above ...