0
Cash
___, Drawing
In the following simple example we are recognising a profit of $200. I have shown two slightly different ways of recognising this transaction, both with the same result.
Cash Account (Asset)DR 1,000Proceeds on Disposal of Investment (P&L) CR 1,000Cost of Investments Disposed (P&L)DR 800Investments in JVs & Associates (Asset) CR 800Cash Account (Asset)DR 1,000Gain on Sale of Investment (P&L) CR 200Investments in JVs & Associates (Asset) CR 800
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the journal entry for investment in subs?
equity
What is the journal entry for investment revenue of 6000 was earned and received?
debit cashcredit interest on investment
What needs to happen when recording a journal entry for a sale account?
When recording a journal entry for a sales account, ensure that the sales are strictly done on credit terms.
How do you record a journal entry for sale of equipment?
Debit cash / bankCredit equipment
What need to happen when recording a journal entry for a sale account?
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.
What is the journal entry for investment in subs?
equity
What is the journal entry for consignment sale?
profit
What is the General journal entry to record investment?
debit investment accountcredit cash / bank
What is the journal entry for investment revenue of 6000 was earned and received?
debit cashcredit interest on investment
Which is the journal entry to write off an investment?
example suman moters of rs 10000 is write off then what is the entry
At the time of acquisition of a debt investment what happens?
no journal entry required
Journal entry for investment?
Today, I made a new investment in a diversified mutual fund to further enhance my investment portfolio. This decision aligns with my long-term financial goals and risk tolerance. I will continue to monitor the performance of this investment regularly to ensure it remains in line with my objectives.
What needs to happen when recording a journal entry for a sale account?
When recording a journal entry for a sales account, ensure that the sales are strictly done on credit terms.
What is the journal entry for the sale of a corporation?
Debit cash /bankdebit liabilitiesCredit assets
How do you record a journal entry for sale of equipment?
Debit cash / bankCredit equipment
What need to happen when recording a journal entry for a sale account?
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.
What is the journal entry for accrued interest income from an investment?
Debit interest receivableCredit interest income
