IndigoLearn

Forums

Investment Accounts

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

Attachments

9fd363ee-3da8-4e96-b58e-6d4cb8e525a6.jpg

79ad8a19-9dba-4db1-adfa-2fb9b9a4500c.jpg


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

Flash Sale Byte size