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Accountancy

Can we write this as single entry...??? Bank a/c...dr P&L a/c.... dr To investment a/c Is there any benefit on Creating seperate account "Loss on sale of investment"????

ALDRIN G

CA Inter

★ 12K+

19-Mar-21 13:33

289

Answers (2)

You can do it.

CA Suraj Lakhotia

Admin

19-Mar-21 16:27

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.

CA Suraj Lakhotia

Admin

19-Mar-21 16:28