Suman Ltd. acquired 1000 shares of Sarika Ltd @150 each and paid brokerage @1%. In the same financial year, Sarika Ltd. issued bonus shares at one…
CA Intermediate · Advanced Accounting · MTP · May 2025
Suman Ltd. acquired 1000 shares of Sarika Ltd @150 each and paid brokerage @1%. In the same financial year, Sarika Ltd. issued bonus shares at one share for every four shares held by shareholders. Suman Ltd. sold 500 shares in the month of March in the same year and paid 1% brokerage, what will be the carrying value of investment in Sarika Ltd after sale of shares as per AS 13.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
₹ 90900
Topics: AS 13, AS 1, Applicability of AS
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