Premium On issue of shares can be used for
ADistribution of profits
BTransferring to General Reserves
CIssue of bonus shares
DNone of the above
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Related Questions:
Errors of principles will not effect :
When the payment or receipt is postponed to a future date, it is called ________
A list of account balances prepared to prove the equality of debit and credit ie, arithmetical accuracy of account is ________
Such portion of the reserve fund, other funds paid up share capital, loans and deposits received by a society and debentures issued by a society as have not been invested in building and other fixed assets is called.
__________ is used to record all cash transactions.