Question
Vidya Ltd invested its idle cash into equity shares of X
Ltd by buying 1,000 shares at ₹120 per share and paying Brokerage and taxes amount ing to ₹10,000. At year-end, the fair market value of the investment was ₹1,05,000. As per AS 13, what amount should be shown as the value of current investment in the balance sheet of Vidya Ltd ?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 -
More Alternate Sources of Finance Questions
2 4 5 19 70...
6000 3002 1503 ? 378.75 191.375 97.6875
...If 204 196 223 x 284
Then, what is the average of the numbers of the above series?
...8 24 12 ? 18 54
3 ? 7 16 71 346
...104 106 110 113 ? 126
12, 18, 28, 42, 52, ?
18 29 51 84 128 182
5, 8, 17, ?, 37, 48
(32.03 + 111.98) ÷ 18.211 = 89.9 – 20.23% of ?
