[Solved] Capital redemption reserve can be utilized for…

McqMate

Q.	Capital redemption reserve can be utilized for…
A.	declaring dividend
B.	writing of capital losses
C.	issue of fully paid up bonus shares
D.	none of these
Answer» C. issue of fully paid up bonus shares

730

0

Do you find this helpful?

1

View all MCQs in

Corporate Accounting

Discussion

No comments yet

Related MCQs

Capital Redemption Reserve Account can be utilized for………
Which of the following accounts can be transferred to capital redemption reserve account?
Capital redemption reserve and security premium can be utilised for issuing ………bonus shares
Transfer to capital redemption reserve can be made from ____.
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 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Which of the following can be utilized for the redemption of preference shares of a company out of profit:
Which of the following cannot be used for the purpose of creation of capital redemption reserve account?
The Capital Redemption reserve is created for the following reasons:
Capital redemption reserve is created out of
When 4,000 equity shares of Rs.10 each is bought back at Rs.20 per share, the amount to be transferred to Capital Redemption Reserve is