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(i) Expenses to be Rs. 43,200 Rs. 48,600 Rs. 48,900 Rs.32,480 Rs.33,600 Rs. 33,712
recognized
(j) Employees not 10 325 - 319 297 - 295 = 2 Employees
exercising ESOP Employees = 6 Employees
(k) Total
Expenses for-
Year 1 Rs. 43,200 (Gr. 1) + Rs. 48,600 (Gr. 2) + Rs. 32,480 (Gr. 3) = Rs. 1,24,280
Year 2 Rs. 48,900 (Gr. 2) + Rs. 33,600 (Gr. 3) = Rs. 82,500
Year 3 Rs. 33,712 (Gr. 3 only)

Employees Benefit Expenses A/c

Year 1
Rs. Rs.
To Share-based Payment Reserve A/c 1,24,280 By Profit and Loss A/c 1,24,280
1,24,280 1,24,280
Year 2
To Share-based Payment Reserve A/c 82,500 By Profit and Loss A/c 82,500
82,500 82,500
Year 3

To Share-based Payment Reserve A/c 33,712 By Profit and Loss A/c 33,712
33,712 33,712

Share-based Payment Reserve A/c

Year 1
Rs. Rs.
To Retained Earnings 1,200 By Employees Benefit 1,24,280
[(360 - 350) Emp x 12 Expenses A/c
Options x Rs. 10]

To Share Capital By Bank A/c
(350 Emp x 12 Options 4,20,000 (350 Emp x 12 5,25,000
x Rs. 100) Options x Rs. 125)
To Securities Premium (350
Emp x 12 Options x Rs. 1,47,000
35)
To Balance c/d 81,080

6,49,280 6,49,280
Year 2

To Retained Earnings 1,800 By Balance b/d 81,080
[(325 - 319) Emp x 24 By Employees Benefit
Options x Rs. 12.50] Expenses A/c 82,500
To Share Capital (319 Emp x By Bank A/c
24 Options x Rs. 100) 7,65,600 (319 Emp x 24 9,57,000
Options x Rs. 125)
20. 7