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In illustration 5 why didn't they credit the sale of right shares in the investment Account Why is it straightly credited to P&L A/c

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Sri Varshini

Sri Varshini

CA Inter

★ 575

23-Oct-20

41

Answers (4)

Sale of right entitlement is credited to P&L

Suraj Lakhotia

Suraj Lakhotia

Admin

24-Oct-20

Suraj Lakhotia Admin

Sale of right entitlement is credited to P&L

But in other sum we will credit it in investment account, why don't we credit it in this sum sir

Thread Starter

Sri Varshini

Sri Varshini

CA Inter

★ 575

24-Oct-20

1)When we sold RIGHT of right shares we will directly credit the consideration to p&l a/c 2)When we sold the subscribed right shares then we credit investment a/c

Thupalli Ramya

Thupalli Ramya

CA Inter

★ 15K+

24-Oct-20

Thupalli Ramya

1)When we sold RIGHT of right shares we will directly credit the consideration to p&l a/c 2)When we sold the subscribed right shares then we credit investment a/c

Thank you

Thread Starter

Sri Varshini

Sri Varshini

CA Inter

★ 575

24-Oct-20

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