Home
Class 12
ACCOUNTS
S.S.C. Ltd. Has a paid up share capital ...

S.S.C. Ltd. Has a paid up share capital of Rs. 60,00,000 and a balance of Rs. 15,00,000 in Securities Premium Account. The company management do not want to carry over the balance. State the purposes for which the balance can be utilised.

Text Solution

Verified by Experts

State the purposes for which securities premium can be utilized as per Section 52.
Promotional Banner

Topper's Solved these Questions

  • COMPANY ACCOUNTS - ISSUE OF SHARES

    DK GOEL|Exercise TEST YOUR UNDERSTANDING (Choosing out of the words provided, fill in the blanks given below) :|9 Videos

  • COMPANY ACCOUNTS - ISSUE OF SHARES

    DK GOEL|Exercise PRACTICAL QUESTIONS|76 Videos

  • COMPANY ACCOUNTS - ISSUE OF SHARES

    DK GOEL|Exercise SHORT ANSWER QUESTIONS (Understanding)|1 Videos

  • COMMON SIZE STATEMENTS

    DK GOEL|Exercise Multiple Choice Questions|14 Videos

  • COMPANY ACCOUNTS - REDEMPTION OF DEBENTURES

    DK GOEL|Exercise Problem Solution|3 Videos