Question

Fig Limited exchanges car T with a
book value of Rs. 16000 having fair
value of Rs. 19250 for cash of Rs.
300 and car R which has a fair value
of Rs. 18950. The transaction lacks
commercial substance. What
should be carrying amount of car R
as per AS - 10?​

Answer 1

Answer:

$\huge{\underline{\sf{\orange{Answer -}}}}$

$let \: the \: whole \: quantity \: = x$

$A/Q$

$5\% \: of \: x = 600 \\ \\ = > \frac{5 \times x}{100} = 600 \\ \\ \\= > 5 \times x = 600 \times 100 \\ \\ \\ \ \: = > x = \frac{600 \times 100}{5} \\ \\ \: \\ = > x = \frac{120 \times 100}{1} \: \\ \\ x = 12000$

Therefore, The whole quantity = 12000