CUET Accountancy - Securities Premium Account can be used only for the following purposes: (A) To issue partly paid bonus shares to the extent not exceeding unissued share capital of the company; (B). Buy back of own shares. (C). To write-off the expenses of, or commission paid, or discount allowed on any securities of the company; (D). To pay premium on the redemption of preference shares or debentures of the company. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 1

Company Accounts

Medium

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: 4

Related questions:

14 May Shift 1

Rahul Limited purchased building from Handa Limited for Rs.5,40,000 and the payment is to be made by the issue of shares of Rs.100 each. The number of shares to be issued at premium of 20% is:

14 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Issued Capital	(I) It is that part of the issued capital which has been actually subscribed by the public.
(B) Uncalled Capital	(II) Capital which can be called only in the event of winding up of the company.
(C) Reserve Capital	(III) That portion of the subscribed capital which has not yet been called up.
(D) Subscribed Capital	(IV) It is that part of the authorised capital which is actually issued to the public for subscription

Choose the correct answer from the options given below:

CUET Accountancy 2024 Slot 1

Match List-I with List-II

CUET Accountancy 2025 15 May Shift 1 PYQs

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