If company makes bonus issue at 2 : 3, then it means :

CS Executive · Corporate and Management Accounting · PYQS · June 2021
If company makes bonus issue at 2 : 3, then it means :
(A) For every two shares three bonus shares will be allotted
(B) For every three shares two bonus shares will be allotted
(C) For every five shares three bonus shares will be allotted
(D) For every five shares two bonus shares will be allotted

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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