Bonus shares cannot be issued by a company out of __________.

CS Executive · Corporate and Management Accounting · PYQS · June 2022
Bonus shares cannot be issued by a company out of __________.
(A) Free reserves account
(B) Capital redemption reserve account
(C) Securities premium account
(D) Revaluation reserve account

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

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