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entry in book

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(Querist)
16 March 2009 if an individual received bonus share from the company then what a/c he should credited in his books.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
16 March 2009 Where the original shares shown in the books, the bonus shares will be posted at the same account.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
17 March 2009 If u r maintaining accounts in Tally, then pass zero amount entry increasing the number of shares by number of bonus shares received.
Bonus shares A/c...............Dr
To Capital/Reserves & Surplus A/c
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