Investment a/c
This query is : Resolved
14 July 2013
In Investment A/c, What is the adjustment criteria for sale of right. Sometime we treat it as Income and sometime as Cost of acquisition. What is the concept for the same ??
please explain with example
please explain with example
14 July 2013
From the facts of the query :
You bought share for Rs.55000 and sold it for Rs.70,000.
.
Here cost of acquisition is Rs.55,000 and difference is income.
You bought share for Rs.55000 and sold it for Rs.70,000.
.
Here cost of acquisition is Rs.55,000 and difference is income.
Message likes :
1 times
16 July 2013
no sir i want to ask that when we sell "right" (not right share) and we get income, so my question is why we write it to cost side instead of income side in making investment a/c
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