Premium on issue of shares can be used for
A) Issue of bonus shares
B) Distribution of profit
C) Transferring to general reserve.
D) None of these
Correct Answer:
Verified
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
Q20: The security premium will be shown under
Q21: The rate of discount on shares cannot
Q23: When shares are forfeited the share capital
Q24: The profit on reissue of forfeited shares
Q25: When an existing company offers it shares
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