Multiple Choice
Share premium money can be used for:
A) Payment of dividend
B) Writing off Goodwill
C) Issue of fully paid bonus shares
D) none
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q55: In case of Annuity Method, the amount
Q56: Loss of usefulness occasioned by improved production
Q57: AS 6 revised is an accounting standard
Q58: Income tax authorities recognize this method _<br>A)Straight
Q59: Cash loaned to a company is called:<br>A)Dividends<br>B)Debentures<br>C)Shares<br>D)Reserves
Q61: Premium received on issue of shares cannot
Q62: In calculation of depreciation, all of the
Q63: A private invitation to the public to
Q64: The balance of the forfeited shares account
Q65: Depreciation means<br>A)Depletion<br>B)Amortization<br>C)Saving of Cash<br>D)Reduction in the books