Premium received on issue of debentures may be utilised for
A) For writing off discount allowed on issue of shares
B) For writing off premium allowed on redemption of debentures
C) For writing off preliminary expenses
D) For All of the Above
Correct Answer:
Verified
Q9: Which of the following statements is false
Q10: The Principal amount of debentures will be
Q11: The debentures whose principal amount is not
Q12: Debenture Application Account is in the nature
Q13: Discount on issue of Debentures is in
Q15: If the rate of G/P is 25%
Q16: Share application account is classified as
A)Real account
B)Personal
Q17: The minimum share application is
A)1% of the
Q18: The excess price received on the par
Q19: Which of the following should be deducted
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