Bonus in reduction of premium appears in the revenue a/c as ----------

Related MCQs

• Capital redemption reserve and security premium can be utilised for issuing ………bonus shares
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Bonus issue can be made out of securities premium collected in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………
• Once the share premium account is credited the same, if the premium is not received.
• Bonus payable on maturity of the policy is termed as
• Section ….. of the Companies Act deals with issue of bonus shares
• Bonus shares can be issued only on getting approval of
• Bonus issue is permitted only if all partly paid shares are made‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Bonus issues ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ even when the shares are partly paid.