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Share Capital and Types of Shares — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares1 Mark
Question
Give the meaning of Bonus Share.
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Answer

The company issue additional shares to existing shareholder in proportion to share held with them, without any monetary consideration, out of its accumulated profit is termed as Bonus share.

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