alleryStart learning →Shares bought for Rs 2,00,000 carry brokerage of 1% and stamp duty of 0.25%. Cost?
ARs 2,02,000
BRs 2,05,000
CRs 2,02,500
DRs 2,00,500
Answer & Solution
Correct answer: C. Rs 2,02,500
Brokerage is 2,000 and duty is 500, both added to 2,00,000 for a cost of 2,02,500.
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: