Multiple Choice
As per section 78 of Company's Act amount collected as premium on securities cannot be utilized for:
A) Issuing fully paid bonus shares to the members
B) Purchase of fixed assets
C) Writing off Preliminary Expenses
D) Buy Back of its own shares
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q89: Which of the following fixed asset is
Q90: If debentures of the nominal value of
Q91: A machine is purchased at a cost
Q92: The amount paid as premium for an
Q93: Which among the following is not a
Q94: A reserve is created but its identity
Q96: Human resource accounting attempts to place a
Q97: Premium received on issue of shares is
Q98: The amount of capital that a company
Q99: Depreciation helps in determining<br>A)Accurate level of profit<br>B)Increases