The Securities Premium amount may be utilized by a company for __________.
A)writing off any loss on sale of fixed asset
B)writing off any loss of revenue nature
C)writing off the expenses/discount on the issue of debentures
D)none of these

Question

Quizplus · Accepted Answer

Securities Premium amount can be utilized for writing off the expenses or discount on the issue of debentures among other specific purposes as per the Companies Act.

The Securities Premium Amount May Be Utilized by a Company