Associate Merger and Acquisition
92 Points
Joined January 2012
SINCE THERE IS NO CASH CONSIDERTION INVOLVED IN ISSU OF BONUS SHARES AND SUCH SHARES ARE A MERE CAPITALISATION OF RESERVES & PROFIT OF THE COMPANY, HENCE THE FOLLOWING ENTRY SHOULD BE PASSED:----- <br>
RESERVES A/C..........DR
TO SHARE CAPITAL A/C
IN THE ABOVE RESERVES INCLUDES P/L A/C, GEN. RES , ETC WHICHEVER THE CO IS USING TO MAKE BONUS ISSUE.MOREOVER IT IS IS SHORTCUT ENTRY FOR SUCH ISSUE.