Multiple Choice Questions on Bonus shares are shares issued by a company free of cost to its existing shareholders on a pro rata........... for Employee State Insurance Corporation (ESIC) Exam Preparation

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Multiple Choice Questions

Bonus shares are shares issued by a company free of cost to its existing shareholders on a pro rata...........

Principles of Accounting & Financial Management Bonus and Right issue
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    Bonus shares are shares issued by a company free of cost to its existing shareholders on a pro rata basis out of:

     

     Free reserve
     

    Correct Answer

    Distributable profit
     

    Incorrect Answer

    General reserve
     

    Incorrect Answer

    Any of the above

    Incorrect Answer
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    Explanation:

    Answer:
    (D) Any of the above

    Bonus shares are the additional shares that a company gives to its existing shareholders on the basis of shares owned by them. Bonus shares are issued to the shareholders without any additional cost

    By: NIHARIKA WALIA
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