HI FRNDS MAYBE THIS IS A USELESS TYPE OF QUESTION BUT I WILL ASK.
IF IN THE QUES.OF INVESTMENT EQ.SHARES FACE VALUE IS Rs 15 & BOOK VALUE IS Rs 10 WHICH FIGURE WILL BE TAKEN TO CALCULATE BAL B/D.
THNX IN ADV.
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Replies (6)
At book value or cost .
RICHA MAM WHICH VALUE Rs 15 OR Rs 10.
Rs 10
MAM I DOUBT IS BOOK VALUE SAME AS FACE VALUE.
PL.TELL.
THNX A LOT.
investment is taken at lower of cost or market value
you have to see in q what was cost for that share
face value may not be cost
THANKS A LOT SIDDHARTH & RICHA MAM.
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