SaaS
Transaction Costs on Equity Raise (APIC Deduction)
Deducting legal and placement agent fees directly from the equity raise proceeds.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| APIC — Preferred Stock | Equity (-) | 50,000.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 50,000.00 |
💡 Accountant's Note
Under IAS 32, directly attributable costs of issuing equity instruments are deducted from equity. They do not hit the income statement — they reduce the net proceeds received.
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