Accountancy, asked by ashanroy71, 1 year ago

Premium on issue of share can be used for

Answers

Answered by sharansai42

0

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.

Hope it helps...

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Answered by royaljatni05

0

Answer:

Explanation:used for writting of preliminary expenses of the company

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