Question

X purchased 2,000 equity shares of Y Ltd. at cost ofRs. 125 per share on 1st March 2010. Theses shares are held as current investment. On 31st
March 2018 MV. of shares wasRs. 115 per share. The carrying amount of investment is
A) Rs. 2,00,000
B) Rs. 2,30,000
Rs. 2,50,000
D) Rs.4,80,000
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Answer 1

Answer:

option c

is the cortect answer to this question

Answer 2

Answer:

The correct answer is Option B i.e. Rs. 2,30,000.

Explanation:

i) Given,

2000 equity shares purchased at Rs. 125.

Hence, purchasing value of shares = 2000 x 125 = Rs. 2,50,000

ii) Current market value of shares = Rs. 115

iii) Number of shares = 2000

iv) Hence, the current amount of investment

= Number of shares x Current market value of shares

= 2000 x 115

= Rs. 2,30,000

v) Hence, Option B i.e. Rs. Rs. 2,30,000 is the correct answer.

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