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Suchitra purchased 1000 shares in Tip-Top Ltd of ?600 per share in 2016. There was issue in 2018 of one share for every two held at price of ?150 per share. If Suchitra subscribes the rights, what would be carrying cost of 1500 shares as per AS-13.

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The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%


Suchitra purchased 1000 shares in Tip-Top Ltd of ?600 per share in 2016. There was issue in 2018 of one share for every two held at price of ?150 per share. If Suchitra subscribes the rights, what would be carrying cost of 1500 shares as per AS-13.






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