Cost of Shares
This query is : Resolved
Guest
Guest
(Querist)
11 February 2011
I have 10000 Shares of A company and as a result of scheme of arrangement i got 4000 shares of B company.
Now how should i account for this transaction?
I need to know at what amount 4000 shares should be account for?
Now how should i account for this transaction?
I need to know at what amount 4000 shares should be account for?
Sunil Kr. Sanganeria
(Expert)
11 February 2011
The cost incurred by you for purchasing 10000 shares of A Company will be cost of shares of 4000 of B Company.
In list of Investment only change the name of Company and number of shares.
In list of Investment only change the name of Company and number of shares.
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