- why my answer is not matching? With icai solution
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Your mistake is as under:-
calculation of profit = cost of 40000 shares is 60000, then cost of 8000 shares = 60000/40000*8000=12000
profit = 15200-12000=3200
calculation of profit = cost of 44000 shares is 54000, then the cost of 20000 shares = 54000/44000*20000 = 24545
profit = 28000-24545=3455
calculation of 44000 shares = (32000 original + 8000 bonus + 4000 right shares)
calculation of 54000 cost = (48000+6000)
Note:- ICAI ne sale of right ki income bhi nhi show ki hai jabki usne income ka column diya hai
Sale of right = 2400*.40=960
Agar income ki jagal dividend ka column hota hai to sale of right nhi jata hai investment account me otherwise jata hai.