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Share Capital and Types of Shares — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares3 Marks
Question
From what can Bonus share be given?
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Answer

From what can be Bonus shares to be given?
(1) From any reserve created out of profit.
(2) From the credit balance of the Profit and Loss Appropriation Account.
(3) From the share premium account only fully paid upshftre can be distributed as Bonus shares.
(4) After the redemption of debentures, the remaining imount of debenture redemption is transferred to General reserve.
(5) Out of the capital gains of the company.

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