Give an accounting treatment for
Investment made worth 100 today,after 6months its value is
60.

Answer Posted / badari

When we purchase the investments the entry will be

Investments A/C.......Dr 100
To Bank A/C........... 100


After six months the value of investment if Rs 60 entry will be

Bank A/C................Dr 60
P&L A/C.................Dr 40
To Investment A/c..............100

Is This Answer Correct ?    15 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Do you possess any knowledge about accounting standards?

650


What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.

1757


Mention whether the account "cash" will be credited or debited when a company pays a bill?

672


what made you take up present subject/area of specialization and what would you define as your career objectives

1666


Dear sir, In tally what is list of cost centres? and what is the list of cost categories?

1531






Why you want to change???

1713


Do you know balancing in accounting?

614


Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000

1418


why only 6 months interest is charged on drawings

1721


if my salary is 12000 per month how much i will get after deducting PF an ESI

1206


what is the head for stock trnasfer

1677


shares convert into share capital what is the journal entry? how many ledgers need to create?

1589


What are the 4 types of ppe?

706


How can do it TDS in accounts?

1596


What are the functions of manger -accounts and manager-finance?

613