Answer / prachi

when a company offers free shares to its existing
shareholders for the purpose og capitalising its profits is
called bonus issue.

Answer / jagjeet singh

bonus issue is capitalisaion of profit
it means that if the co. hase huge fund iun reserve and
having unissued share capital then there may be suspicion
in the mind of stakeholder that co. is making abnormal
profit (having more income on less capital employed) then
to avoid such situation co. issue free share to existing
shareholder at some perscribed ratio

"X" company paid the salaries to staff. Then what are the entry? Is debiting the employee A/c, or Salary A/c? If salary A/c debited, how we can find if "a" employee salary paid or not? If we debiting the employee A/c, how to find how much amount we paid for salaries?

2 Answers  

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Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?

0 Answers  

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How often is the stock market ticker updated? 15sec? 30sec?

0 Answers  

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What you mean by blue chip companies?

3 Answers   Hindalco, ICSI,

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can a pvt ltd. coy take unsecured loan from any partnership firm? If not why?

1 Answers  

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what is three accounting rule?

6 Answers   HP,

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can company can follow single entry system

5 Answers   SSI Small Scale Industries, Triveni,

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if i want a c form from sale tax department and i have cst number. what would it cost to me.

2 Answers  

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can a shareholder or promoters waive his or their right for dividend ? if yes then how and when before or after book closure or in the AGM ? what will be its treatment in accounts?should any provision be there in the Articals of Company for that?

2 Answers  

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Can we finalize Balance Sheet Without prepare Profit & Loss Account.

15 Answers  

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what need to b a cs is graduation is necessary?

1 Answers  

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what is the procedure to start any company? who will fix this share value?how to go for pulic issue?

1 Answers   HSBC,

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