The share premium account can be utilized to write off the ‐‐‐‐‐‐‐‐‐‐‐‐‐ expense of the company.

Related MCQs

• Once the share premium account is credited the same, if the premium is not received.
• Security premium account can be utilized for ………….
• On an equity share of Rs. 20, the company has called up Rs. 16 but Rs.14 has been received by the company, the share capital account should be credited by ……
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Capital Redemption Reserve Account can be utilized for………
• X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………
• Which of the following can be utilized for the redemption of preference shares of a company out of profit:
• Share application account is in the nature of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ account.
• Which of the following cannot be utilized for the redemption of preference shares of a company
• Which of the following not the uses of share premium.