Vidyalelo
Commerce · Q1824

Accounting

Graduate and Post Graduate · Commerce · question 1824

Q1824

Security premium cannot be used for what purpose?

A.
Giving bonus shares to members
B.
Writing-off preliminary expenses of company
C.
Writing-off discount on issue of debenture
D.
Distribution of dividend to members
Answer

Answer: Option D

Solution

Answer: Option D
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