Question
Accountancy Question on Debentures
Securities premium Reserve can be utilised
A. to return excess money received on application
B. to write off preliminary expenses
C. to issue partly paid bonus shares
D. for premium paid on Redemption of Debentures or preference shares
E. for buy back of shares
Choose the correct answer from the options given below:
A
A, B, C only
B
B, C, E only
C
C, D, E only
D
B, D, E only
Answer
B, D, E only
Explanation
Solution
The correct option is (D): B, D, E only