📊 Financial Accounting 2
Q. Which of the following statement is false:
  • (A) bonus issue is made in lieu of dividend
  • (B) bonus issue is not made unless the partly paid shares are made fully paid up
  • (C) bonus issue must be implemented within six months from the date of approval
  • (D) bonus is simply capitalisation of free reserve
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✅ Correct Answer: (A) bonus issue is made in lieu of dividend

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