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Q3. March1, 2019 ABC company purchased 1000 shares of XYZ company at the rate of Rs. 15 each. March 31, 2019 Market share price of

Q3.

March1, 2019 ABC company purchased 1000 shares of XYZ company at the rate of

Rs. 15 each.

March 31, 2019 Market share price of XYZ Company decreases to Rs.12 each.

April 30, 219 Market price of stock increases to Rs 20.

Prepare the general journal of the above transactions. (3)
By how much amount, net income is increased or decreased? (1)

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