Question

Fill in the blanks given in the contract note of sale-purchase of shares. (B - buy, S - Sell)​

Answer 1

Answer:

B

Rs 4500

Rs 9

Rs 1

Rs 1

Rs 4511

S

Rs 15000

Rs 30

Rs 3

Rs 3

Rs 15036.

Answer 2

Explanation:

Number of shares bought = 100

MV value of each share = Rs 45

.. Total value Number of shares bought x MV value of each share = 100 x 45 = Rs

4,500

Brokerage 0.2% of Rs 4,500

= Rs 9

0.2

100

9% CGST on brokerage = 9% of Rs 9 = =

9

100

x 9 = Rs 0.81

9% SGST on brokerage = 9% of Rs 9 =

9

100

x 9 = Rs 0.81 .. Total value of the

shares = Rs 4,500 + Brokerage + 9% CGST of

brokerage + 9% CGST on brokerage

.. Total value of the shares Rs 15,000 - Brokerage - 9% CGST on brokerage - 9% CGST on brokerage

= Rs 15,000 - Rs 30 - Rs 2.70 - Rs 2.70

= Rs 14,964.60

The complete table is given below:= Rs 4,500 + Rs 9 + Rs 0.81 + Rs 0.81

= Rs 4,510.62

Number of shares sold = 75

MV value of each share = Rs 200

.. Total value = Number of shares sold x MV value of each share = 75 x 200 = Rs 15,000

Brokerage 0.2% of Rs 15,000 = 0.2 x 15000 = Rs 30 =

100

9% CGST on brokerage = 9% of Rs 30 =

9

100

Rs 30 =

x 30 9% SGST on brokerage = 9% of

9

100

30 = Rs 2.70

: Total value of the shares = Rs 15.000