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305999570-Accounts 22 PDF
305999570-Accounts 22 PDF
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22
2.
It is also assumed that necessary resolutions have been passed and requisite legal
requirements related to the issue of bonus shares have been complied with before
issue of bonus shares.
Working Note:
On the basis of the above assumptions, the Authorised Capital should be increased as
under:
Required for bonus issue
` 6,00,000
(` 2,00,000)
` 4,00,000
` 24,00,000
5.
Dr.
Debit
Credit
4,00,000
3,20,000
80,000
Dr.
10,00,000
2,00,000
8,00,000
Dr.
32,000
32,000
Dr.
3,00,000
3,00,000
Dr.
3,00,000
vi
To Bank A/c
Freehold property A/c
3,00,000
Dr.
24,000
24,000
Dr.
1,50,000
1,50,000
Dr.
2,50,000
2,00,000
50,000