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Commerce · Q446

Accounting

Graduate and Post Graduate · Commerce · question 446

Q446

For what, a company may utilise the securities premium amount?

A.
Writing off the discount on the issue of debentures
Answer
B.
Writing off any loss of revenue nature
C.
Writing off any loss on sale offixed assets
D.
Payment of dividends

Answer: Option A

Solution

Answer: Option A
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