Question
An entity purchases 1,000 shares of X Ltd. at ₹120 per share. Brokerage and taxes amount to ₹10,000. At year-end, the fair market value of the investment is ₹1,05,000. As per AS 13, what amount should be shown as the value of current investment in the balance sheet?
More Accounts Questions
- Dearness allowance is taxable in case of:
- As per RBI norms on agricultural advances, a loan granted for long duration crops will be classified as a Non-Performing Asset (NPA) if the instalment of p...
- In finance, what does the term Mezzanine Debt mean?
- In the context of wire transfers, who is defined as the “Beneficiary” according to RBI’s KYC guidelines?
- What duties are taxes on intra-State supplies?
- According to the Standards of Auditing, the "Documentation" aspect is dealt with:
- The software module within an ERP system that specifically handles employee payroll, benefits, and recruitment is:
- Which of the following statements is INCORRECT?
- Which item of revenue of the following is covered under Accounting Standard-9?
- Which of the following best describes working capital financing preference for short-term seasonal needs?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)