Bonus shares received
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2016
Dear All,
I'm maintaining my share trading account as a business account. So I show my share purchase and sale entries as stock items. Now I've received bonus shares from a company. So I passed the entry by going to "Stock Journal" from "Inventory Vouchers" and entered name of the company, quantity of bonus shares received and rate as zero on the destination side and finished the transaction. But when I checked the "Stock Item" in "Inventory Book", it also showed value of the bonus shares received. I want to know how does it show value if the rate of the item is entered as zero. Please guide me how to pass the proper entry to record my transaction. Thanks in advance..
I'm maintaining my share trading account as a business account. So I show my share purchase and sale entries as stock items. Now I've received bonus shares from a company. So I passed the entry by going to "Stock Journal" from "Inventory Vouchers" and entered name of the company, quantity of bonus shares received and rate as zero on the destination side and finished the transaction. But when I checked the "Stock Item" in "Inventory Book", it also showed value of the bonus shares received. I want to know how does it show value if the rate of the item is entered as zero. Please guide me how to pass the proper entry to record my transaction. Thanks in advance..
17 June 2016
Assuming 1:1 bonus, on the record date, stock entry is passed. say 100 shares, now on record date, it becomes 200. The stock entry is passed accordingly....It will spread over the original cost, if any
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Section 50-fixed asset-->building ceases to exist
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
