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

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
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.