Accountancy, asked by bhartimonika489, 1 month ago

Where securities premium reserve can be used?

Answers

Answered by shivamkumar969353

Answer:

To issue fully paid-up bonus shares to its existing shareholders . However, you can't exceed the limit of the unissued share company of the country. securities premium account can be used for writing of any preliminary expenses of the company.

Explanation:

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