Financial and Management Accounting

1: Which of the following reserves cannot be utilised for making the partly paid up shares fully paid up? 1. Capital Redemption Reserve Account 2. Securities Premium Account 3. Plant Revaluation Reserve Select the correct answer using the codes given b elow:
A.

1 and 2

B.

2 and 3

C.

1 and 3

D.

1,2 and 3

 

Answer : D

Explanation :

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Option: A

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