Accountancy, asked by yogesh27044, 9 months ago

Can we transfer securities premium to capital reserve account ?

Answers

Answered by sanya6163

Answer:

Where a company purchases its own shares out of free reserves or securities premium account, a sum equal to the nominal value of the shares so purchased shall be transferred to the capital redemption reserve account and details of such transfer shall be disclosed in the balance sheet.

Explanation:

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Answered by yogitasingal

Answer:

we can transfer securities

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