Question

company declared the bonus of Rs 2,40,000 to the shareholders out of general reserve. This bonus
is paid by the issue of 20,000 Sharres equality share
RS. 10 each as fully paid up bonus shares
at a premium Of Rs. 2 pers Share.
Pass the journal entories for the above .
Shares​

Answer 1

Answer:

General reserve a/c dr. 240000

To share capital a/c. .. 200000

To securities premium reserv40000