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Investment Accounts

Sir , In most of the Sums The sale value of investment is credited in investment Account And corresponding effect is given to profit Can we credit with cost and profit element should transfer to P&L A/c sir. Is this alternative presentation is acceptable sir ?


M.V. Naresh

M.V. Naresh

CA Inter

2K+

19-Nov-20 14:54

15

Answers (1)

In exams you will not have a separate ledger to account for profit.


Suraj Lakhotia

Suraj Lakhotia

Admin

19-Nov-20 15:15