alleryStart learning →Shares carried at Rs 30,000 get 500 rights taken up at Rs 20 each. New carrying amount?
ARs 10,000
BRs 40,000
CRs 35,000
DRs 30,000
Answer & Solution
Correct answer: B. Rs 40,000
Cost of rights is 500 x 20 = 10,000, which is added to 30,000 to give 40,000.
Keep practising AS 13 Accounting for Investments
Browse all AS 13 Accounting for Investments questions for CA Inter, or explore more Accounting topics.
Related questions
Profits on disposal of current and long-term investments are shown:Statements classify fixed assets, investments and current assets into:A readily realisable investment is meant to be held for 18 months. It is:A readily realisable investment made on 1 April is intended to be sold on 15 February nextIf dividend cannot be allocated except arbitrarily, cost is cut only if it:Interest and rentals on investments are shown separately for:A significant restriction on selling an investment must be:Disclosure of investments must include the policies for determining: