Question

under what purpose the security premium amount can be utilised ​

Answer 1

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.

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Answer 2

Q. under what purpose the security premium amount can be utilized.

=> 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.