Sweetwell Co. Ltd has a share capital of 7,00,000 in equity shares of 10 each which are
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Sweetwell Co. Ltd has a share capital of ₹7,00,000 in equity shares of ₹10 each which are quoted in the market at ₹20. The company now declares a bonus is to be paid by issue of 40,000 fully paid equity shares of ₹10 each. Show the necessary Journal Entries to record these transactions.
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1 When the bonus is declared Retained Earnings Statement of Retained Earnings 400000 Share ...View the full answer
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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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