is a specific reserve that is credited when shares or debentures are issued on a premium.

General Reserve

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Securities Reserve

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Capital Reserve

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Securities Premium

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Solution

The correct option is D Securities Premium
When a company issue a share at a price which is more than its face value is called Issue of shares at a premium. Securities premium is an income for the company. Therefore it is credited as a specific reserve on the issue of shares and debenture.

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