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?Solution
Explanation:As per AS 13, current investments are carried at lower of cost and fair value. •Cost = (1,000 × ₹120) + ₹10,000 = ₹1,30,000 •Fair value = ₹1,05,000 Hence, value in books = ₹1,05,000
If D = 12, AGE = 39, then ‘JADE’ will be equal to?
Select the option that is related to fourth number in the same way as the first number is related to the second number and the fifth number is related t...
In the given question, select the related letters from the given alternatives.
DIOT: FKLG : : UPQX : WRJC : : VSHR : ?
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performed ...
If ‘+’ means ‘×’, ‘−’ means ‘÷’, ‘×’ means ‘+’, and ‘÷’ means ‘−’, then what will come in place of the question ...
Select the option that is related to the third number in the same way as the second number is related to first number and the sixth number is related t...
Drake : Duck : : Wizard : ?
How many letters are there in the given series which are immediately followed by a number?
N 8 9 B @ A 7 % 8 N P @ P R N 9 @ B # 7 H 8
Select the option that is related to the third term in the same way as the second term is related to first term.
PERFECTION : KVIUVDUJPO :: DE...
- Select the option that is related to the third letter cluster in the same way as the second letter cluster is related to the first-letter cluster.
SWIT...
