Investment entry
This query is : Resolved
Sumit Rawat
(Querist)
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.
Ganeshbabu K
(Expert)
30 July 2013
Dr.P&L A/c 53000
Cr.Investment A/c 53000
Cr.Investment A/c 53000
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Sumit Rawat
(Querist)
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
Ganeshbabu K
(Expert)
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
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