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C.A. LINESH PATIL
(CA)
(910 Points)
Replied 29 July 2012
Can you clarify me on following query:
1) Why opportunity bonus arising from right issue is added in opening balance of share.can you tell me reason for same.
2) Why under AS-20 weighted average of share is taken.
3) Why Assets are accounted at Fair market value under AS-14.why profit or loss is recored at the time purchase in AS-14.
Give answer with Logic that why ASB put such provision in Accounting standard.
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