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Accounting for bonus issue (authorized capital)

In illustration 3 (pg.no 6.10) The authorized capital was increased with full of bonus share ,but you taught that add only number of equity share exceeds authorized

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Subash Chandrabose

Subash Chandrabose

CA Inter

31K+

03-Mar-21 12:20

25

Answers (1)

In this case, the existing Auth cap is assumed to be the same as issued & subscribed capital before bonus in some cases auth capital is higher than issued & subscribed capital then increase in auth capital will only be number of shares higher than auth capital


Sriram Somayajula

Sriram Somayajula

Admin

04-Mar-21 19:21

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