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Question
Which of the following statement is false?
Options
Bonus issue is made in lieu of dividend
Bonus issue is not made unless the partly paid shares are made fully paid up
Bonus issue must be implemented within six months from the date of approval
Bonus is simply capitalisation of free reserves
MCQ
Solution
Bonus issue is made in lieu of dividend
shaalaa.com
Accounting Treatment for Share Capital
Is there an error in this question or solution?