MPR sanjay Kumar (CA student) 21 January 2021
A LTD . acquired 2000 equity shares of Omega LTD.on cum right basis at RS 75 per share.subsequently Omega LTD made a right issue 1:1 at RS 60 per share,which was subscribed for by A.totql cost of investments at the year end will be RS ??
Options a) 270000 b)150000 c) 120000
Could you plse explain me this problem plse.
yasaswi gomes (My grammar is 💯 good I) 21 January 2021
This is consolidation chapter
consideration paid in cash= 2000₹ Multiplied by 75= 150000
rights issued= 2000/1 multiplied by 60= 120000
total cost of investment= Answer A
yasaswi gomes (My grammar is 💯 good I) 25 January 2021
PERSONAL ACCOUNT- DEBIT RECEIVER AND CREDIT GIVER
PPL GET OFTEN CONFUSED WITH REAL ACCOUNT.
IT HAS A B/D BALANCE ON THE CREDIT SIDE.
TRANSACTIONS LIKE SHARE FULLY PAID UP 1000 INR
THEN, ON THE CREDIT COLUMN- BY BANK 1000 INR (FORMATS AVAILABLE ON GOOGLE )
I WAS BUSY AND HOWS YOUR EXAM NOW