Investment entry
This query is : Resolved
30 July 2013
Hello Sir,
On 01.05.2012 I purchased an investment of Rs. 5,00,000. At that time I make an entry in tally as follows:
Investment A/c 5,00,000 Dr.
To Bank 5,00,000 Cr.
Now on 24.01.2013 according to the statement the value of investment decreased to 4,47,000 because of change in NAV. Now for difference in investment what entry should be passed.
On 01.05.2012 I purchased an investment of Rs. 5,00,000. At that time I make an entry in tally as follows:
Investment A/c 5,00,000 Dr.
To Bank 5,00,000 Cr.
Now on 24.01.2013 according to the statement the value of investment decreased to 4,47,000 because of change in NAV. Now for difference in investment what entry should be passed.
30 July 2013
Dr.P&L A/c 53000
Cr.Investment A/c 53000
Cr.Investment A/c 53000
Message likes :
1 times
30 July 2013
sorry i din't type complete question.
The statement showing the cost of investment is Rs. 4,47,000 and the current value of the Investment is Rs. 3,78,000.
Then what entry will be.
1) Dr. p&l a/c 53,000
or
2) Dr. P&L A/C 1,22,000
The statement showing the cost of investment is Rs. 4,47,000 and the current value of the Investment is Rs. 3,78,000.
Then what entry will be.
1) Dr. p&l a/c 53,000
or
2) Dr. P&L A/C 1,22,000
30 July 2013
Dr.P&L A/c 1,22,000
Cr investment A/c 1,22,000
Cr investment A/c 1,22,000
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Plot of land. Cost of Acquisition
- Taxation on LTCG for property sold after 24JUL2024
- REGARDING GST LIABILITY/....
- Last year TDS Claim
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
