Sale of right entitlement is credited to P&L

Suraj Lakhotia

Admin

24-Oct-20 18:23

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

Sri Varshini

CA Inter

★ 435

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

CA Inter

★ 14K+

24-Oct-20 23:43

Thank you

Sri Varshini

CA Inter

★ 435

24-Oct-20 23:59