Accountancy, asked by hhiihihi2001, 19 days ago

Can 'Securities Premium' be used as working capital? Give reason in support of your answer.

Answers

Answered by private195

Answer:

Give reason in support of your answer. 'Securities Premium Reserve' cannot be used as working capital. It can be used only for those purposes which are specified under section 52 of Companies Act, 2013.

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