Securities Premium Reserve as per section 52(2) of the companies Act 2013 can be used : (A) To write-off preliminary expenses of the company (B) To issue fully paid bonus shares to the extent not exceeding unissued share capital of the company (C) To pay premium on the redemption of preference shares or debentures (D) To write off discount allowed on the goods sold on credit Choose the correct answer from the options given below :

Question

Option 1: (A), (B) and (D) only

Option 2: (B), (C) and (D) only

Option 3: (A), (C) and (D) only

Option 4: (A), (B) and (C) only

AfterBoards · Accepted Answer

The answer is '(A), (B) and (C) only'. View full solution:

CUET Accountancy 2022 23 Aug Shift 2 PYQs

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