Premium received on issue of shares cannot be utilized for ---------.
A) for the issue of bonus shares
B) for writing of preliminary expenses
C) for providing premium payable on redemption
D) for distribution of dividend
Correct Answer:
Verified
Q89: The amount of capital that a company
Q90: Cash loaned to a company is called:
A)Dividends
B)Debentures
C)Shares
D)Reserves
Q91: The appropriation account is also called:
A)Statement of
Q92: A company is allowed by law to
Q93: The share of profit a shareholder will
Q94: Share allotment account is a ------------------
A)Personal Account
B)Real
Q95: Premium received on issue of shares is
Q96: Premium on issue of shares can be
Q98: When shares issued at premium which of
Q99: Mr. X has underwritten 40,000 Shares, but
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents