The balance appearing in the books of a company at the end of the year were:...
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The balance appearing in the books of a company at the end of the year were: CRR A/c Rs. 50,000; Security Premium Rs. 5,000; Revaluation Reserve Rs. 20,000; P & L A/c (Dr) Rs. 10,000. Maximum amount available for distribution as Bonus Shares will be A B C D Rs. 50,000 Rs. 55,000 Rs. 45,000 Rs. 57,000 The balance appearing in the books of a company at the end of the year were: CRR A/c Rs. 50,000; Security Premium Rs. 5,000; Revaluation Reserve Rs. 20,000; P & L A/c (Dr) Rs. 10,000. Maximum amount available for distribution as Bonus Shares will be A B C D Rs. 50,000 Rs. 55,000 Rs. 45,000 Rs. 57,000
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Correct option is B Bonus shares are issued when the compan... View the full answer
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1111822361
1st edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
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