Asha Ltd is an investment company that trades in shares on the Australian Securities Exchange. Asha Ltd measures the shares at fair value through the profit or loss. Asha Ltd makes the following trades in Telco Ltd. Trade date Quantity Price Buy/Sell Brokerage 8 June 2022 20000 $6.00 Buy $1 000 15 June 2022 80000 $6.20 Buy $1 600 30 June 2022 40000 $5.50 Sell $800 Settlement date is T+2 meaning that settlement of trades occurs two business days after trade date. The closing market price for shares in Telco at 30 June 2019 is $5.60. Required Prepare the entries of Asha Ltd on the basis of: 1. trade date accounting 2. settlement date accounting. (LO9)

Exercise 11.7 Trading shares Asha Ltd is an investment company that trades in shares on the Australian Securities Exchange. Asha Ltd measures the shares at fair value through the profit or loss. Asha Ltd makes the following trades in Telco Ltd. Price Trade date 8 June 2022 15 Jme 2022 30 Jme 2022 Ouantity 20 000 80 000 40 000 $6.00 $6.20 $5.50 Buv/Sell Buy Buy Sell Brokerage $1 000 $1 600 $800 Settlement date is T+2 meaning that settlement of trades occurs two business days after trade date. The closing market price for shares in Telco at 30 June 2019 is $5.60. Required Prepare the entries of Asha Ltd on the basis of. 1. trade date accounting 2. settlement date accounting. (L09)