The Capital Redemption Reserve Account may be used by the company :

CS Executive · Corporate and Management Accounting · PYQS · December 2019
The Capital Redemption Reserve Account may be used by the company :
(A) In the issue of fully paid-up bonus shares
(B) In conversion of partly paid-up shares into fully paid-up
(C) In writing off the preliminary expenses of the company
(D) In distribution of dividend among shareholders

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Company Accounts

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