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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 the balancesheet?
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Answer

Securities Premium Reserve account appears under the main head 'Shareholders' Funds' and sub-head 'Reserves and Surplus' on the Equity and Liabilities side.

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