For no-par stock with a stated value, an appropriate title-for example, paid-in capital in excess of stated value - describes the difference.

When stock is sold for more than par value, the Additional Paid-in Capital account is credited for the excess of selling price over par .

When par value stock is issued, the Capital stock account is credited with the par value of the shares issued, regardless of whether the issuance price is more or less than par.