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What is the accounting treatment in the hands of reciever
of bonus share or share recived due to demerger or share
split.
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Answer / nrusingh panda
equity shares--------dr
bonus equity share-- cr
| Is This Answer Correct ? | 5 Yes | 24 No |
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Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
define the REVENUE
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