Accounting entry
This query is : Resolved
krishna Patel
(Querist)
29 July 2011
Plz, advise for the following accounting entry...
If existing Shares call UNPAID and Co. declared BONUS Issue.so It will first Set off Against Unpaid calls and then as bonus form of dividend ..Then what will be entry in an Individual's Books of Account??
Thank you..
hv a nice day
If existing Shares call UNPAID and Co. declared BONUS Issue.so It will first Set off Against Unpaid calls and then as bonus form of dividend ..Then what will be entry in an Individual's Books of Account??
Thank you..
hv a nice day
CS VENKATARAMANAN S
(Expert)
29 July 2011
Dear friend,
According to the Companies Act, no bonus shares are issued until all the unpaid calls are paid up.
regards,
According to the Companies Act, no bonus shares are issued until all the unpaid calls are paid up.
regards,
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krishna Patel
(Querist)
29 July 2011
ohhh....
thats true sir.....
thank u..
thats true sir.....
thank u..
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