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

Is methane (CH4) a covalent or ionic bond? Give reasons and explain why is it so.
Which is a symbol of deindustrialization? Energy crisis Love Canal Manufacturing Belt Rust Belt Stagflation
What are three characteristics of the Lapita people that enabled them to migrate to islands throughout Oceania?
During what part of "Bernice Bobs Her Hair" does Bernice cuts Marjorie's braids? a. climax b. Epiphany c. falling action d. Rising action
What is the net ionic equation for AgNO3 (aq) + K2SO3 (aq)?
Whats the mass of 1 mole of Oxygen gas?
How many limited vows apply to Jain monks?
Name two structural characteristics that triglycerides and phospholipids have in common.
What force involves the attraction between objects with mass? Gravitational Electromagnetic Weak nuclear Strong nuclear
Which of the following shows a result of government regulation of alcohol consumption? Daily alcohol consumption has increased Traffic fatalities related to a