Numerical - Calculate purchase of investments for given investment share
Q. The Balance sheet of Ram at end of 2013 and 2014 disclose investments in shares of Rs 2000 and Rs 3000, respectively. Rs 100 as pre-acquisition dividend has been credited to investments account. Determine purchase of investments.- Published on 14 Sep 15a. Rs 5000
b. Rs 1000
c. Rs 1,100
d. None of the above
ANSWER: Rs 1,100