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Capital loss

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(Querist)
07 January 2014 Hello friends
please clarify how to pass a journal entry for the following
Cost of the investment in shares for
FY 2001-02-03-04-05 is 42.50 cr
Indexed cost in FY 2013-14 is 88.44 cr
The investments were sold in FY 13-14 for
72.35 cr
Hence loss on sale of investment 88.44-72.35 = 16.09
how to pass journal entry for this
cost of indexed value and loss on sale

Thanks
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CA DHEERAJ

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CA DHEERAJ (Expert)
07 January 2014 Dear Bhasakar

as per my opinion this is computational part So in Books of accounts

only entry passed as follwos


BANK A/C 72.35
TO SHARES 42.50
TO PROFIT ON SHARES 29.85


I HOPE IT IS CORRECT, BUT WAIT WHAT OTHER EXPERT SAYS.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
07 January 2014 Yes Dheeraj is correct and I agree with him
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bhaskar

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bhaskar (Querist)
09 January 2014 Thank you Mr. Dheeraj and Mr Agarwal

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