Question

Any five purposes for which securities premium account can be utilized?

Answer 1

Answer:

To issue fully paid-up bonus shares to its existing shareholders. ...

Securities Premium Account can be used for writing off any preliminary expenses of the company.

To write off expenses of issue of shares and debentures, such as commission paid or discount given on the issue of shares.

Explanation:

Answer 2

Answer:

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Explanation:

The Securities Premium Account can be used for the following purposes:

Issuing fully paid bonus shares to the members of the company.Writing off the preliminary expenses of the company.Writing off the expenses of,or commission paid,or discount allowed on ,issue of shares or debentures of the company.

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