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Which of the following reserves is not used for bonus shares?

Accounts - Principles of Accounts
WAEC 2010

Which of the following reserves is not used for bonus shares?

  • A. revolutional reserve
  • B. share premium
  • C. capital redemption reserve fund?
  • D. general reserve
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Correct Answer: Option C
Explanation

capital redemption reserves fund is a part of a company's reserves and capital from money invested in shares that is not allowed to be given to shareholders in the form of dividends.

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