Vidyalelo
Commerce · Q2320

Accounting

Graduate and Post Graduate · Commerce · question 2320

Q2320

Security premium reserve cannot be used for

A.
Payment of dividend to Members
Answer
B.
Issue of bonus shares to members
C.
Writing off pre-liminary expenses of company
D.
Writing off discount on issue of debenture

Answer: Option A

Solution

Answer: Option A
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