Question: Question 3 Izham Sdn Bhd is a company that involve manufacturing of plastics. On December 2018, the accountant noticed that the company still use the

Question 3 Izham Sdn Bhd is a company that involve manufacturing of plastics. On December 2018, the accountant noticed that the company still use the term of share premium and capital redemption reserves. The company have RM200,000 of share premium and RM50,000 of capital redemption reserve. Advice what should the accountant do with the new objective under Company Act 2016. Provide relevant justification and journal entries (if involved)

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