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BONUS UNITS RECIEVED FROM MUTUAL FUNDS

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(Querist)
14 January 2020 We had certain mutual funds which were redeemed in September 19. On 3.10.2019 we recieved bonus units from the fund while already complete redemption of previous units was done.What will be the accounting entry for these bonus units and what will be the value to be shown.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
14 June 2020 Bonus Shares will be debited as an Asset and Value of Bonus shares as per share/mutual fund portfolio/certificate will have to credited as in Income.
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