Writing-off discount on debenture
Writing-off preliminary expenses of company
Issue of bonus share
All of the above
Answer is Wrong!
Answer is Right!
The correct answer is D. All of the above.
Share premium is the excess of the amount received for a share over its face value. It can be used for the following purposes:
- Writing-off discount on debentures: A discount on debentures is the difference between the face value of a debenture and the 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube