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Which of the following can be used for issuing bonus shares?
- a)Capital Redemption Reserve
- b)Securities Premium Account
- c)Profit and Loss Account
- d)Any of the above
Correct answer is option 'D'. Can you explain this answer?
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Which of the following can be used for issuing bonus shares?a)Capital ...
Issuing Bonus Shares
- Capital Redemption Reserve: Bonus shares can be issued by utilizing the Capital Redemption Reserve, which is created by transferring a portion of profits to this reserve when redeeming preference shares.
- Securities Premium Account: Bonus shares can also be issued by utilizing the Securities Premium Account, which is created when shares are issued at a premium above their face value.
- Profit and Loss Account: In some cases, bonus shares can be issued by utilizing the profits accumulated in the Profit and Loss Account. However, this is less common compared to using the Capital Redemption Reserve or Securities Premium Account.
Conclusion
- Any of the above: In conclusion, bonus shares can be issued using any of the above methods, depending on the company's specific circumstances and financial position.
By following these guidelines, you can effectively issue bonus shares using the appropriate reserves or accounts.
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Which of the following can be used for issuing bonus shares?a)Capital Redemption Reserveb)Securities Premium Accountc)Profit and Loss Accountd)Any of the aboveCorrect answer is option 'D'. Can you explain this answer?
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