Give an accounting treatment for
Investment made worth 100 today,after 6months its value is
60.
- 2 Answers
- 5263 Views
- Cognizant, I also Faced
- E-Mail Answers
Answer Posted / mallikarjuna
i invested to day 100 Rs.
After six months it's face value 60 Rs only
So we have loss 40 Rs
In Accounting Treatment at the time of investment we entered
investment transaction in journal voucher is
Cash a/c dr 100
To Capital a/c 100
After six months we will get capital loss, journal treatment is
cash a/c dr 60(present business value)
P/l alc 40 ( capital loss)
To capital a/c 100
in the balance sheet
Assets Liabilities
Capital 100 cash in hand 60
(-)p/L a/c 40
(Balance sheet tally) 60 60
| Is This Answer Correct ? | 2 Yes | 12 No |
Post New Answer View All Answers
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes
can i material bill book in miro without vat on transport charges ?
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Who uses accounting?
Explain the concept of responsibility accounting
how to treat investment fluctuation fund in case of death of a partner
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax
Knowing what you know now, walk me through what you would do differently to drive even more success?
What is dividend warrants?
export sales contract and domestic sales contract? india's trade in commercial services?
Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?
Tell us in accounting, how do you define premises?
purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law
What are source documents in accounting?
