True or False. The premium on redemption of preference shares cannot be debited to securities premium A/c.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 04:48 AM

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The premium on redemption of preference shares can be provided out of: (a). Securities premium A/c (b). Capital redemption reserve A/c (c). Capital reserve (d). Depreciation reserve
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True or False. The premium on redemption of preference shares cannot be debited to securities premium A/c.

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Corporate Accounting

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