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(Querist)
10 May 2019 A co sold convertible share to B
B sold To C

A Co got money from C company

How to treat this transaction in A co
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Amol S Joglekar

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Amol S Joglekar (Expert)
07 June 2019 debit B's A/c
credit sale of investment in convertible share
(This is recorded at the value at which the transaction is agreed upon between A and B)

debit bank A/c
credit B's A/c
(On receiving money from C)

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