What would be the journal entry for disposal of investment for which diminution reserve has been created in accordance with AS-13.
Is it,Diminution a/c Dr
To P&La/c
OR
Diminution a/c Dr
To Investment a/c
Menu
As-13
Replies (1)
I think it should be like
Profit and Loss A/c ----------Dr/.
To- Investment A/c.
or
1. Dimination A/c
To Investment A/c
2. P & L A/c
To- Dimination A/c
Recent Threads
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
Related Threads
CAclubindia
