Forums

Back

Investment Accounting

Accountancy

Ref: Illustration 6 of investment accounting sum is silent about whether rights issue is utilized. but material solution has take n as if rights issue are subscribed and no assumptions are mentioned. In exam is it fine that we solve in either way or is there any hint to be taken from the question?


Vijay adithya

Vijay adithya

CA Inter

5K+

13-Apr-23 23:08

304

Answers (1)

If nothing is mentioned, its assumed to have been subscribed.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

20-Apr-23 12:30

Your Reply