JOURNAL ENTRIES for issue of bonus shares

Simranjeet Singh (Proprietor at S Simranjeet & Associates Company Secretaries) (4396 Points)

20 April 2010

pls answer question no.4 (A) of this paper....

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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.)

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Simranjeet Singh (Proprietor at S Simranjeet & Associates Company Secretaries) (4396 Points)
Replied 21 April 2010

Thanks Faiz for your reply......

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