On January 1, 2010 Subodh Limited (SL) purchased a futures with quantity 200 shares of XYZ @
Question:
On January 1, 2010 Subodh Limited (SL) purchased a futures with quantity 200 shares of XYZ @ 120 per share with twelve months to expiry. On March 31, 2010 market spot market price of XYS is ₹ 140 per share. Show how this futures is to be recognized.
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The initial recognition of futures contract is to be done as financial asse...View the full answer
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