Can ‘Securities Premium Reserve’ be used as working capital? Give reason in support of your answer. Post category:Accountancy Reading time:1 mins read SOLUTION ‘Securities Premium Reserve’ cannot be used as working capital. It can be used only for those purposes which are specified under section 52 of Companies Act, 2013. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostCan ‘securities premium reserve’ be distributed as dividend? Next PostDistinguish between ‘Over-Subscription’ and ‘Under-Subscription’. You Might Also Like What is meant by ‘Minimum Subscription’? September 28, 2022 Do all forms of business organisations prepare a Profit and Loss Appropriation Account? September 26, 2022 Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3: 2. During the year ended 31st March, 2015 Nusrat had withdrawn Rs. 15,000. Interest on her drawings amounted to Rs. 300. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fixed. (Delhi 2016) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Do all forms of business organisations prepare a Profit and Loss Appropriation Account? September 26, 2022
Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3: 2. During the year ended 31st March, 2015 Nusrat had withdrawn Rs. 15,000. Interest on her drawings amounted to Rs. 300. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fixed. (Delhi 2016) October 7, 2022