Can we write this as single entry...???
P&L a/c.... dr
To investment a/c
Is there any benefit on Creating seperate account "Loss on sale of investment"????
You can do it.
However as a matter of better practice, we do not debit P&L account directly in the source entry. Else at a later point in time, you will not be able to identify what is the loss on sale of investment in the entire year.
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