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?
✓
Answer
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 up share can be distributed as Bonus shares.
4. After the redemption of debentures, the remaining amount of debenture redemption is transferred to General reserve.
5. Out of the capital gains of the company.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.