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
Message likes :
1 times
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
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- Applicability of tax on invoice
- Capital Gains Tax on Inherited Mutual Fund
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
