Accountancy, asked by lovekushbaghel005, 5 hours ago

For which one of the following, the balance in the securities premium reserve account cannot be used

Answers

Answered by rahulyadav9903360
3

Answer:

Hence, securities premium cannot be used as a source to declare a dividend. The Companies Act allows bonus shares to be issued from the securities premium. However, the issue should be authorised by the members of the company.

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