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S/P a/c to be used for premium on red of P.sh or not??

Can Security Premium A/c be used for writing off premium on redemption of Preference Shares? CA inter Grp-1 ICAI Study Mat. says they'll not use Security Premium a/c instead they have used P/L a/c.

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Ishika Goel 282

Ishika Goel 282

CA Inter

2K+

16-Feb-21 23:43

13

Answers (1)

Best Answer

It wont be used.


Suraj Lakhotia

Suraj Lakhotia

Admin

17-Feb-21 11:02