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

  • question_answer
    Which of the following is not a purpose for which the securities premium amount can be used?   (CBSE 2020)            

    A) Issuing fully paid bonus to shareholders

    B) Issuing partly paid bonus shares to shareholders

    C) Writing-off preliminary expenses of the company

    D) By purchasing its own shares (Buy-back)

    Correct Answer: B

    Solution :

    [b] Issuing partly paid bonus shares to shareholders


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