A user is asking how to record a Rs 300,000 maturity amount that was received but not initially recorded. The discussion clarifies that the asset's maturity (likely a mutual fund invested in three years prior) needs to be identified. The suggested journal entry involves crediting the Capital Account and Long-Term Capital Gains, and debiting the Bank account.
18 December 2022
Sir We have received maturity amount of rs 300000/ earlier not recorded in our books now can we show in our books if yes then what we do the journal entry