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Which of the following is a correct journal entry for the issue of bonus shares?a)Debit the equity share capital account and credit the securities premium account.b)Debit the bonus to shareholders account and credit the general reserve accountc)Debit the general reserve account and credit the equity share capital account.d)Debit the capital reserve account and credit the equity share capital account.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is a correct journal entry for the issue of bonus shares?a)Debit the equity share capital account and credit the securities premium account.b)Debit the bonus to shareholders account and credit the general reserve accountc)Debit the general reserve account and credit the equity share capital account.d)Debit the capital reserve account and credit the equity share capital account.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is a correct journal entry for the issue of bonus shares?a)Debit the equity share capital account and credit the securities premium account.b)Debit the bonus to shareholders account and credit the general reserve accountc)Debit the general reserve account and credit the equity share capital account.d)Debit the capital reserve account and credit the equity share capital account.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Which of the following is a correct journal entry for the issue of bonus shares?a)Debit the equity share capital account and credit the securities premium account.b)Debit the bonus to shareholders account and credit the general reserve accountc)Debit the general reserve account and credit the equity share capital account.d)Debit the capital reserve account and credit the equity share capital account.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

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