Bonus shares received.
This query is : Resolved
06 December 2008
What accounting entry is to be passed in case of receipt of bonus shares or there would be no accounting entry and only the number of shares would increase?
06 December 2008
No need of passing entry for bonus shares received.
Just add no.of shares recd in investment register.
Enough.
Just add no.of shares recd in investment register.
Enough.
06 December 2008
No need for accounting entries as there was no payment to be made. Just add the number of shares.
06 December 2008
Since, no amount is paid and these share received against previouse holding, So entry will not be passed. For more detailed you can contact me. I am online account teacher. email : jaygulani@yahoo.co.in
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