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

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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