A/c paper

AKSHIT MALHOTRA (C.A Final Student) (1337 Points)

02 November 2011

HI FRNDS I WANT 2 KNOW THAT IN TODAY'S PAPER IN BONUS ISSUE CAN WE USE CAPITAL RESERVE OF Rs 60,000 AS RESERVES FOR BONUS DISTRIBUTION.,

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6 Replies

Ajay Tiwari (student) (68 Points)
Replied 02 November 2011

hello friend...
i think it is not necessary to use C.R for bonus share...
i use general reserve 240000...

Sayam Jain (n.a) (26 Points)
Replied 02 November 2011

yes u can use capital reserve of 6000 since it is realised in cash..

Rahul (Chartered Accountnat CS) (1580 Points)
Replied 02 November 2011

Hey how can reserve out of exchange realized in cash u av to use sec pre 30,000 capital res 90000 gr full and 240000 p and l

Rahul (Chartered Accountnat CS) (1580 Points)
Replied 02 November 2011

On assumption dat capital reserve other than excahnge is realised in cash. Further u need to asuume dat authorized capital ia increased

Ashwini krishnen (self) (48 Points)
Replied 04 November 2011

Hi,

Can any one upload the accounts paper of ipcc group I. Thanks in advance

R K Krishnen

Anjali (article assistant) (37 Points)
Replied 04 November 2011

capital reserve is created for specific purpose so we cannot use it for issue of bonus... only

1 security premium

2 general reserve

3 owned funds

we can use to issue bonus...

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