Bonus issue

Accountancy

In this question (i), it s like bonus shares are issued to convert partly paid up into fully paid up ? Am I ryt ?

Reetikaa R

CA Final

★ 7K+

16-Mar-23 13:07

482

Answers (4)

Yes

Amit Pandit

CA Final

★ 33K+

16-Mar-23 14:46

Amit Pandit

Yes

But it has to converted into fully paid up only from free reserves right

Thread Starter

Reetikaa R

CA Final

★ 7K+

16-Mar-23 14:55

General reserve and free reserve both are same . They are used interchangeable

Amit Pandit

CA Final

★ 33K+

16-Mar-23 15:05

Any reserve which can be used to distribute dividends is called a free reserve.

CA Suraj Lakhotia

Admin

16-Mar-23 18:53