CA Inter doubt

false

Investment ac Remo Ltd. held on 1st April, 2021, 10009% Government Securities at ₹90,000 (Face Value of Security 100 each). Three month's interest had accrued on the above date. On 1st May, the company purchased the same Government Securities of the face value of ₹ 80,000 at ₹ 95 cum-interest. On 1st June, ₹60,000 face value of the security was sold at 94 cum-interest. Interest on the security was paid each year on 30th June and 31st December and was credited by the bank on the same date. On 30th September, ₹ 40,000 face value of the Govt. securities were sold at 97 cum-interest. On 1st December, the company purchased the same security ₹10,000 at par ex-interest. On 1st March, the company sold ₹10,000 face value of the government securities at ₹95 ex-interest calculate through weighted average cost method

Asked by Dhruvi13 Feb 2025513 views