Capital loss
This query is : Resolved
07 January 2014
Hello friends
please clarify how to pass a journal entry for the following
Cost of the investment in shares for
FY 2001-02-03-04-05 is 42.50 cr
Indexed cost in FY 2013-14 is 88.44 cr
The investments were sold in FY 13-14 for
72.35 cr
Hence loss on sale of investment 88.44-72.35 = 16.09
how to pass journal entry for this
cost of indexed value and loss on sale
Thanks
please clarify how to pass a journal entry for the following
Cost of the investment in shares for
FY 2001-02-03-04-05 is 42.50 cr
Indexed cost in FY 2013-14 is 88.44 cr
The investments were sold in FY 13-14 for
72.35 cr
Hence loss on sale of investment 88.44-72.35 = 16.09
how to pass journal entry for this
cost of indexed value and loss on sale
Thanks
07 January 2014
Dear Bhasakar
as per my opinion this is computational part So in Books of accounts
only entry passed as follwos
BANK A/C 72.35
TO SHARES 42.50
TO PROFIT ON SHARES 29.85
I HOPE IT IS CORRECT, BUT WAIT WHAT OTHER EXPERT SAYS.
as per my opinion this is computational part So in Books of accounts
only entry passed as follwos
BANK A/C 72.35
TO SHARES 42.50
TO PROFIT ON SHARES 29.85
I HOPE IT IS CORRECT, BUT WAIT WHAT OTHER EXPERT SAYS.
07 January 2014
Yes Dheeraj is correct and I agree with him
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