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The equity of Duffy Ltd at 1.12 .2022 was as follows: On 10.12 .2022 , the company made a bonus issue. 10 shares were issued
The equity of Duffy Ltd at 1.12 .2022 was as follows: On 10.12 .2022 , the company made a bonus issue. 10 shares were issued for every share in existence at that date in such a way as to maximise the retained profits The double entry reflecting this share issue is which of the following Select one answer: Dr. Share premium 10,000 Cr Share capital 10,000 Dr Retained profits 90,000 Dr Share premium 10,000Cr Share capital 100,000 Cr Share premium 30,000Cr Revaluation reserve 40,000Cr Retained profits 30,000Dr. Share capital 100,000 Dr. Share premium 30,000 Dr Revaluation reserve 40,000 Dr Retained profits 30,000Cr Share capital 100,000
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