Regarding journal entry


This query is : Resolved 

Quick Summary
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.

(Querist)
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

18 December 2022 Maturity of which asset?
When the investment was made? & How?

Hemant Dosi (Querist)
22 December 2022 Maturity of mutual fund and the investnment was made 3 years before

22 December 2022 cr. Capital account
cr. LT cap gain
dr. bank



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