The following are the extract from the Draft Balance Sheet of Omega Tools Ltd as on 31st
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The following are the extract from the Draft Balance Sheet of Omega Tools Ltd as on 31st March, 2017.
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₹ 10,00,000 8,00,000 1,00,000 General Reserve 3,50,000 Profit and Loss Account 2,50,000 A resolution was passed declaring one bonus share for four shares held. Set out Journal Entries to give effect to the resolution stated above. Authorised capital: 1,00,000 Equity Shares of 10 each Issued, Called-up and Paid-up Capital: 80,000 Equity Shares of 10 each Securities Premium
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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