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P2 C2 ACCOUNTING FOR DEBENTURES — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C2 ACCOUNTING FOR DEBENTURES1 Mark
Question
Under which head 'Securities premium reserve account appears in balance sheet?
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Answer

'Securities Premium Reserve A/c' is shown on the equity and Liabilities side of the balance sheet under the head 'Reserve and Surplus'.

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