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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 23:42

25

Answers (4)

Sale of right entitlement is credited to P&L


Suraj Lakhotia

Suraj Lakhotia

Admin

24-Oct-20 18:23

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


Sri Varshini

Sri Varshini

CA Inter

575

24-Oct-20 19:57

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

14K+

24-Oct-20 23:43

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