Investment entry

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Sumit Rawat (Querist)
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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.

Ganeshbabu K

Ganeshbabu K (Expert)
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30 July 2013 Dr.P&L A/c 53000
Cr.Investment A/c 53000

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Sumit Rawat

Sumit Rawat (Querist)
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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

Ganeshbabu K

Ganeshbabu K (Expert)
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30 July 2013 Dr.P&L A/c 1,22,000
Cr investment A/c 1,22,000

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