CMA Inter Paper 10 Practice Questions - CMA Intermediate Paper 10 Corporate Accounting And Auditing (CAA) Exam

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As per Section 52(2) of the Companies Act, 2013, the Securities Premium Account can be applied for which of the following purposes?

Writing off the premium payable on redemption of debentures Payment of dividend to equity shareholders Meeting the company's day-to-day working capital needs Distributing as a cash bonus to employees

Correct Answer:

Writing off the premium payable on redemption of debentures

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