accounting entry of bonus shares

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Kamleshwar Tyagi

Kamleshwar Tyagi (Querist)
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11 June 2008 what would be the accounting treatment of bonus shares alloted to sharesholder company

Shyam Lal Naik

Shyam Lal Naik (Expert)
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11 June 2008 P&L A/c / Reserve A/c etc. debit

Share capital credit

Kamleshwar Tyagi

Kamleshwar Tyagi (Querist)
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11 June 2008 but for which amount... we have not paid any amt.. the shares are alloted as bonus shares

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Shyam Lal Naik

Shyam Lal Naik (Expert)
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11 June 2008 Bonus issue, like other issue, can be at par/discount/premium. At what ever the amt the bonus shares have ben allotted.

There is restriction in answering question at expert section. Why not put the query at the forum section. It will elicit more and timely response.