Mutual funds redemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2015
Hello
Our company sold mutual funds in 2014 which were purchased in 1 year before.
Kindly guide me.
what are the entries to be passed
Our company sold mutual funds in 2014 which were purchased in 1 year before.
Kindly guide me.
what are the entries to be passed
19 August 2015
The profit or loss on such sale is to be accounted for accordingly. Assuming profit on sale
Debit Bank
Credit Investment in mutual Fund.
Credit Profit on sale of investment in MF
Debit Bank
Credit Investment in mutual Fund.
Credit Profit on sale of investment in MF
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
- Income tax return change regime form necessary or not?
- Tax Audit Mandatory or Optional
- Machinery taking back from repair work shop
- Resignation of auditor and appointment and cfss
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Medical facility
- Maintenance of asset register
- GST Registration DELHI MUMBAI
- Refund credit after 143 (1) intimation
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
