neha jain (pcc) (Delhi) (77 Points)
18 November 2009in the book of R Ltd
R Ltd. holds 21,600 shares in Q Ltd. This represents 15% of the share capital of that
company. Q Ltd. is not a quoted company. The average net profit (after tax) of the
company is Rs. 2,50,000. The shares would be valued based on 12% capitalization rate.
my questions r who is quoted company? and journal entries in buks of R Ltd
Sandeep Pandey
(CA FINAL)
(1306 Points)
Replied 18 November 2009
Quated company are those company which is registered in the stock exchange or whose share is listed in stock exchange............................................... The journal entry in the books of R Ltd will be .............. in this please mention the value of each share.........................then we can pass journal entries...............
CAclubindia
