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  3. 12th Class
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  5. Accounting For Share Capital

12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    For what purpose securities premium reserve account cannot be utilised?

    A) Amortisation of preliminary expenses

    B) Distribution of dividend

    C) Issue of fully paid bonus shares

    D) Buy-back of own shares

    Correct Answer: B

    Solution :

    [b] Distribution of dividend


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