Q26 Share premium account can be used for the following purposes only EXCEPT:

Q26 Share premium account can be used for the following purposes only EXCEPT:
 To pay dividend to existing share holders
 To write off debentures
 To write off expenses of issuing shares and debentures
 To pay up unissued shares for distribution to members as bonus shares

 

TO PREPARE FOR YOUR ACC311 EXAMS – CLICK HERE TO GET THE ACC311 EXAMS SUMMARY FOR #1000