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SRS Limited's defined benefit pension plan: FMV of plan assets opening ₹10,00,000, closing ₹14,25,000; Employer contribution ₹3,50,000; Benefits paid ₹2,50,000. What is the actual return on plan assets per AS 15?
A₹3,25,000
B₹2,50,000
C₹5,25,000
D₹3,50,000
Answer & Solution
Correct answer: A. ₹3,25,000
1. Step 1: Actual return = Closing FMV - Opening FMV - Contributions + Benefits paid.
2. Step 2: = 14,25,000 - 10,00,000 - 3,50,000 + 2,50,000.
3. Step 3: = ₹3,25,000.
_Source: ICAI BoS CA Inter Paper 1 Practice MCQ Paper (89270bos-aps3012-int-p1), Q.10_