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

Differences between DNA and RNA include which of the following? (1) RNA consists of one nucleotide chain. (2) RNA contains the nitrogen base uracil instead of t
What is 1997 from 2014????????????
A tree was chopped down and cut up in a local forest.The tree changed in shape.What kind of change took place?A.chemical changeB.physical change C.phase changeD
What is 0.05 percent of 6.5?
Please I have the answers I just want to double check them and Solvekey: B=42  A=93  N=29  X=361. (b-7)(2b-7)2. (4a-4)(5a-7)3. (5n-6)(4n+7)4. (2n=8)(8n+3)5. (6x
The unstated purpose of the Alien and Sedition Acts was to (A) unite the nation in time of danger (B) deport immigrants who were becoming too numerous (C) prote
What are abiotic factors of the enviroment lynx
The significance of the Open Door Policy for the United States lay in its (A) providing a use for the Philippines as a way station between China and the United
3x+y=4 2x+y=5 solve using linear combination
What is 0.05 percent of 6.5?