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Can revaluation reserve be use for bonus issue?
Yes it can use any of the capital reserves for the purpose, like Share Premium Account, Capital Redemption Reserve & Revaluation Reserve...
What is working capital in a Bank?
Total of Share capital, reserves and other funds and deposits is working capital of the bank but less revaluation reserve.
Is Share premium as capital or revenue reserve?
Share Premium is a Capital Reserve. They cannot pay dividends because share premium is a non trading activity.
Is share premium a capital reserve?
yes
What is nominal share capital?
Nominal share capital is like an authorized share capital. The share capital that the company allowed (the maximum amount) to issue as registered capital when the company is incorporated. It can be changed later by the approval of the shareholders.
What is the effect of a bonus issue on the share capital and share premium account?
Bonus shares increases the share capital while reduces the share premium account because amount of share premium is used to issue bonus shares.
What is nominal share?
Nominal share capital is like an authorized share capital. The share capital that the company allowed (the maximum amount) to issue as registered capital when the company is incorporated. It can be changed later by the approval of the shareholders.
Share issue journal entry?
Debit cash / bankCredit share capital
What is capital redemption reserves?
Capital Redemption Revere is an reserve created when a company buys it owns shares which reduces its share capital. This reserve is not distributable to shareholders and can be used to pay bonus shared issued.
What is the accounting entry to reduce a reserve account?
Reserve account can be reduce as follows: [Debit] Reserve account xxxx [Credit] Share capital account xxxx
What is the journal entry of Share issue at par?
Debit cash / bankCredit share capital
What is Reserved Share Capital?
Reserved share capital is that portion of capital which is reserved for some specific tasks like issue of new share or bonus shares etc in future course of business when new capital required by company.
