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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 3 · Set 2 · Q29
Statement I: 'Issue of fully paid bonus shares out of Securities Premium Account' will result in inflow of cash. Statement II: 'Cash withdrawn from…
Statement I : 'Issue of fully paid bonus shares out of Securities Premium Account' will result in inflow of cash. Statement II : 'Cash withdrawn from bank' will result in inflow of cash. In the context of the above two statements, choose the correct option :
Official answer
(B)
Both statement I and statement II are incorrect
Marking-scheme solution
(B)
-- Both Statement I and Statement II are incorrect.
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.