Accounting for bonus issue

Enayat Modiwala (IPCC) (48 Points)

03 April 2011  

 

I have a doubt in bonus

 

THERE IS A PROVISION THAT IF SHARE ARE NOT FULLY PAID UP THEN CO. CAN NOT ISSUE BONUS SHARE BUT IF CO. WANTS TO CONVERT PARTLY PAID TO FULLY PAID THEN IT CAN ISSUE BONUS......

HOW THIS CAN BE POSSIBLE 

 

PLZZ PLZZ EXPLAIN