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
Income of Riya is Rs. (124n + 1680). She spends 75% of her income and saves the rest. Savings of her friend Mehul is Rs. 960 more than that of her. Mehu...
- A school purchased a total of 15000 books where 20% of the books were textbooks and the remaining were reference books. If 75% of the textbooks purchased a...
Two numbers are less than a third number by 20% and 24% respectively. Find the percent by which the second number is less than the first.
In a college, 70% of the students opted for cultural activities. Among those, 50% participated in music events and the remaining 105 students took part ...
In an examination, there are 200 questions, in the first section, out of 120 questions, a student got 65% marks, then how much percent he has to score i...
Kiran spent 12% of his monthly income on education, 28% on entertainment, 15% on rent, 30% on travelling and the rest on savings. If the difference betw...
In an exam, Rahul scored 50% marks and failed by 75 marks whereas Priya scored 70% marks in the same exam and scored 55 marks more than the passing mark...
The respective ratio of monthly income of A to monthly income of B is 9:10, and A’s saving is (100/11)% more than B’s saving. Find the savings of A,...
The population of a village is 30,000. It increases at the rate of 15% during the first year and decreases at the rate of 25% during the second year and...
In a company with a total of 450 employees, 270 are men, and the remaining are women. It is known that 60% of the women are employed in the marketing de...