Formulation of A/C Standards
Quick practice
Question 1 of 5
Y Ltd. had acquired 200 equity shares of Z Ltd. at Rs. 105 per share on 01.01.2020 and paid Rs. 200 towards brokerage and stamp duty. On 31st March 2020, the shares of Z Ltd. were traded at Rs. 110 per share.
At what value investment is to be shown in the Balance Sheet of Y Ltd. as at 31st March, 2020 if it is a current investment?
A
22,000
B
21,000
C
22,200
D
21,200
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