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Standard XII
Accountancy
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A company whi...
Question
A company which has a lot of public approval can quote a very high premium.
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False
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True
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Describe the purposes for which a company can use ‘Securities Premium Account’.
Q.
A public company can issue _____________.
Q.
6) What will be the maximum permissible discount which a company can allow at the time of reissue of forfeited shares on a share of Rs. 100 originally issued at a premium of Rs. 10 on which application and allotment money (including Premium) Rs. 50 has been recived.
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