Accounting · Company Accounts
The Journal Entry to record the issue of fully paid Bonus Shares involves:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Debiting Share Allotment Account
- 2Debiting Capital Redemption Reserve/General Reserve and Crediting Bonus to Shareholders Account✓
- 3Crediting Securities Premium Reserve Account
- 4Debiting Cash Account
Correct answer
Debiting Capital Redemption Reserve/General Reserve and Crediting Bonus to Shareholders Account
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