Question

Hlo❤.....

Describe the purpose for which a company can be use securities premium.​

Answer 1

Answer:

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. ... And finally, it can be utilized by the company to buy back its own shares.

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Answer 2

HEY DEAR♥️

Securities premium account can be used for writing off any preliminary expenses of the company.

1. issuing fully paid bonus shares to the members of company.

2. Writing off the preliminary expenses of company.

Hope it helps uh...

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