pls answer question no.4 (A) of this paper....
JOURNAL ENTRIES for issue of bonus shares
Simranjeet Singh (Proprietor at S Simranjeet & Associates Company Secretaries) (4396 Points)
20 April 2010Simranjeet Singh (Proprietor at S Simranjeet & Associates Company Secretaries) (4396 Points)
20 April 2010pls answer question no.4 (A) of this paper....
Books of Anuj ltd.
(I) General reserve A/c Dr. 40000(10000*4)
To Bonus to shareholders A/c 40000
( Being bonus declared for making it fully paid up)
Share Final Call A/c Dr. 40000
To share capital a/c 40000
( Being final call made due)
Bonus to shareholders A/c Dr. 40000
To Share final call A/c. 40000
(Being shares made fully paid up to Rs 10)
(II) General reserve A/c Dr. 192000(20000shrs/5 * 4*Rs12)
To Bonus to shareholders A/c 192000
( Being 16000 bonus shares to be issued @ Rs12)
Bonus to shareholders A/c Dr. 192000
To share capital A/c 160000(16000*10)
To securities premium A/c 32000(16000*2)
( Being 16000 bonus shares issued at a premium
Of Rs2 and having face value as Rs10.)
Simranjeet Singh
(Proprietor at S Simranjeet & Associates Company Secretaries)
(4396 Points)
Replied 21 April 2010
Thanks Faiz for your reply......
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