1.

The term ―capitalisation of reserves‖ is used to denote?

A. the use of reserves for the acquisition of additional capital
B. the use of reserves for paying-off loans raised for building up fixed assets
C. the use of reserves for issuing bonus shares to the existing shareholders
D. the use of reserves for the replacement of depreciated assets
E. None of these
Answer» D. the use of reserves for the replacement of depreciated assets


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