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Old Sunday, June 19, 2011
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Default Help me in Financial Accounting Topic

AOA, dear all respected members,
Plz help me urgently regarding
"(I) State the purpose for which Share premium can be utilized."
(II) Primary purpose of Statement of Sources & Uses.
Thx in anticipation.
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Old Thursday, June 23, 2011
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Default

Quote:
"(I) State the purpose for which Share premium can be utilized."
i think the share premium can be utilized to offset the share discount. In other words, share premium can be used to write off the discount allowed at the time of issuance of shares. For confirmation, you may refer the co ordinance-1984.
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