Modern Bio-tech Ltd. granted 4,000 options to employees and directors on 1st April, 2013 asnd 150 when
Question:
Modern Bio-tech Ltd. granted 4,000 options to employees and directors on 1st April, 2013 asnd ₹150 when the market price was ₹300. Vesting period is 3 years. You are required to :
(i) Calculate the value of options.
(ii) Calculate the amount to be amortised every year.
(iii) Pass necessary journal entries for the year 2013-14, 2014-15 and 2015-16.
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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