Partly paid shares

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when nothing is mention about changing partly paid shares into fully paid shares for the purpose of bonus share then what we assume that partly paid shares are converted through bank or through general reserve..??
Replies (4)

They are not converted through bank as no money is received.

that means they are converted from general reserve

Yes, they can be converted through free reserves (Gen. Reserves) & Capital Reserve only.

yes... through general reserves & free reserves only... NOT CAPITAL reserves...(unless realised in cash)


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