Question:
Securities premium Reserve can be utilised
A. to return excess money received on application
B. to write off preliminary expenses
C. to issue partly paid bonus shares
D. for premium paid on Redemption of Debentures or preference shares
E. for buy back of shares
Choose the correct answer from the options given below:
Securities premium Reserve can be utilised
A. to return excess money received on application
B. to write off preliminary expenses
C. to issue partly paid bonus shares
D. for premium paid on Redemption of Debentures or preference shares
E. for buy back of shares
Choose the correct answer from the options given below:
A. to return excess money received on application
B. to write off preliminary expenses
C. to issue partly paid bonus shares
D. for premium paid on Redemption of Debentures or preference shares
E. for buy back of shares
Choose the correct answer from the options given below:
Updated On: Mar 12, 2025
- A, B, C only
- B, C, E only
- C, D, E only
- B, D, E only
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The Correct Option is D
Solution and Explanation
The correct option is (D): B, D, E only
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\vspace{0.2cm} \begin{tabular}{|l|r|r|} \hline Particulars & Dr. Amount (Rs) & Cr. Amount (Rs)
\hline Bank A/c \hspace{5cm} Dr. & 4,75,000 &
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\hline \end{tabular}
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