Securities Premium Account can be used only for the following purposes: (A) To issue partly paid bonus shares to the extent not exceeding unissued…
CUET UG 2025 — Accountancy Company Accounts
Securities Premium Account can be used only for the following purposes:
(A) To issue partly paid bonus shares to the extent not exceeding unissued share capital of the company;
(B). Buy back of own shares.
(C). To write-off the expenses of, or commission paid, or discount allowed on any securities of the company;
(D). To pay premium on the redemption of preference shares or debentures of the company.
Choose the correct answer from the options given below:
Held on 15 May 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B) and (D) only
- B
(A), (B) and (C) only
- C
(A), (B), (C) and (D)
- D
(B), (C) and (D) only
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