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accounting procedure for conversion

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(Querist)
02 July 2008 accounting treatment for conversion of investments in to stock in trade
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CA Anand Sarda

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CA Anand Sarda (Expert)
02 July 2008 which software u r using in the system for accounting.
First create a ledger(x) under current assets.

Then pass a journal entry

ledger(x) a/c......... Dr
to Investment A/c.

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