shinelilly
shinelilly shinelilly
  • 01-11-2021
  • English
contestada

bonus investment lies in debit or credit side​

Respuesta :

pendergk4016
pendergk4016 pendergk4016
  • 04-11-2021

Answer:

Debit

Explanation:

If bonus shares are issued/received, entry is made on the debit side of Investment Account in Nominal column only and nothing is to be recorded in Principal Column as bonus shares have no cost. It is nothing but capitalization of Profits on Reserves.

Answer Link

Otras preguntas

John has four more nickels than dimes in his pocket, for a total of $1.25. Which equation could be used to determine the number of dimes, x, in his pocket? (1)
1. Who is Mao Zedong?
Which symbol represents an atom in the ground state with the most stable valence electron configuration? (1) B (3) Li (2) O (4) Ne
Which element has the highest melting point?(1) tantalum (3) osmium (2) rhenium (4) hafnium
As a 5.0 × 10^2-newton basketball player jumps from the floor up toward the basket, the magnitude of the force of her feet on the floor is 1.0 × 10^3 newtons. A
Since the end of the Cold War, what has been the primary cause of conflicts in Chechnya, Azerbaijan, and Bosnia? (1) religious and ethnic tensions (2) adoption
What word best describes the relationship between Buck and John Thornton? a. Trust b. Love c. Attachment d. Friendship
During the Neolithic revolution productuion of a food surplus
Mathematical x4 - x2 ≥ 2x
One reason President George Washington called for a policy of neutrality in the 1790s was to (1) improve his popularity among Federalist voters (2) avoid United