Balance of investment account is ₹20,000 on 31 st March, 2014 and ₹30,000 on 31 st March, 2015. As per additional information, dividend received ₹3,000 includes ₹1,000 from pre-acquisition profit which is credited to inv
CS Executive · Cost and Management Accounting · PYQS · June 2016
Balance of investment account is ₹20,000 on 31 st March, 2014 and ₹30,000 on 31 st March, 2015. As per additional information, dividend received ₹3,000 includes ₹1,000 from pre-acquisition profit which is credited to investment account. The amount of investment purchased/ sold during the year 2014-15 is —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Investment Accounting
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