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Tally entry for bonus share

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2011 What Would be The Tally entry for the Bonus Share Received. as Cost of Aquisition of Bonus Share is Zero
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 July 2011 Bonus share always paid as form of dividend, so the face value of the bonus share debit to Investment a/c and Credit to Dividend received a/c (income)
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 July 2011 sir, but how we can book income as divident a/c
& 2nd thing assesee is regular trader.
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