Bonus issue is classified under which head?
riddhi (student) (746 Points)
10 June 2020
bonus issue received by shareholder is classified under which head in the books of shareholder?
6 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 10 June 2020
I think a disclosure is required.
Next, in the equity section, changes are like debit reserves account because issue is made from it and credit share capital account.
Padmanabhan
(Student)
(1321 Points)
Replied 10 June 2020
In the books of shareholders,
Since it is received without consideration there will be no entry
Only the number of shares will be increased.
If the shareholder is a investment company, then a disclosure is required.
Since it is received without consideration there will be no entry
Only the number of shares will be increased.
If the shareholder is a investment company, then a disclosure is required.
Padmanabhan
(Student)
(1321 Points)
Replied 10 June 2020
There will be no accounting entry.
Only number of shares will get increased.
Only number of shares will get increased.
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