The following are extracts from the balance sheet of AB Ltd. as on 31-12-2003: A resolution was
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The following are extracts from the balance sheet of AB Ltd. as on 31-12-2003:
A resolution was passed to issue 1,000 bonus shares of ₹10 each by providing ₹5,000 out of Profit & Loss A\c and the balance out of Reserve fund.
Set out journal entries to give effect to the resolution and show how they would affect the balance sheet.
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To record the issuance of bonus shares we need to make jour...View the full answer
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