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Disclosure in Balance Sheet

Securities pr...

Question

Securities premium account is shown on the liabilities side of the balance sheet under which head?

A

None of the above

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B

Current liabilities

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C

Reserves & Surplus

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D

Share capital

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Solution

The correct option is C
Reserves & Surplus

Securities premium account is shown on the liabilities side of the balance sheet under reserves and surplus

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Disclosure in Balance Sheet

Standard XII Accountancy

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