in the book of R Ltd
R Ltd. holds 21,600 shares in Q Ltd. This represents 15% of the share capital of that
company. Q Ltd. is not a quoted company. The average net profit (after tax) of the
company is Rs. 2,50,000. The shares would be valued based on 12% capitalization rate.
my questions r who is quoted company? and journal entries in buks of R Ltd
Quated company are those company which is registered in the stock exchange or whose share is listed in stock exchange............................................... The journal entry in the books of R Ltd will be .............. in this please mention the value of each share.........................then we can pass journal entries...............
i agree with sandip...
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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