A limited company having a pai-up capital of 5,00,000 in shares of 10 each had a Reserve
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A limited company having a pai-up capital of ₹5,00,000 in shares of ₹10 each had a Reserve of ₹1,20,000. It was resolved to capitalize ₹1,00,000 of the Reserve by issuing 10,000 fully paid Bonus shares of ₹10 each. Each shareholder to get one share for every ten shares held by him in the company. Give journal entries.
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To capitalize the Reserve by issuing Bonus shares you need to follow these steps and make the necess...View the full answer
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