Home › CBSE Class 12 (Commerce) › Accountancy › Financial Statements of a Company › The securities premium reserve is classified under
The securities premium reserve is classified under
AReserves and surplus
BLong-term borrowings
CTrade payables
DCurrent maturities
Answer & Solution
Correct answer: A. Reserves and surplus
Securities premium is one of the listed reserves, alongside capital redemption and debenture redemption reserves.
Related questions
Labour unions use financial statements when negotiatingAnother name for the balance sheet is the statement ofMD&A in an annual report gives a narrative from the view ofInternational Financial Reporting Standards are developed by theGAAP stands forConsolidated statements present a parent and its subsidiaries asMoney received for services not yet provided is recorded asApple trees grown to produce apples are an example of