Question
In the financial statements of the financial year 20X1-20X2, Alpha Ltd. Has mentioned in the notes to accounts that during financial year, 24,000 equity
In the financial statements of the financial year 20X1-20X2, Alpha Ltd. Has mentioned in the notes to accounts that during financial year, 24,000 equity shares of Rs.10 each were issued as fully paid bonus shares. However, the source from which these bonus shares were issued has not been disclosed. Is such non-disclosure a violation of the Schedule IIl to the Companies Act? Comment.
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
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1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
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