Question

on 1st april 2017 p ltd sells 10000 shares to q ltd at rs400 per share with an agreement to repurchase the same as rs412 per share on 31st dec 2017 how the transaction should be presented in financial statement of p ltd
a)sale of investment
b)sales of shares
c)borrowings
d)investment

Answer 1

financial statement of p Ltd is sales of shares

Answer 2

p sales of share hope it will help you