Easy Office
LCI Learning

Tax and accounting treatment

This query is : Resolved 

07 January 2023 Invested in Mutual fund ICICI Prudential Mutual Fund Rs. 10,00.000/- SBI Mutual Fun Rs. 10,00,000/-
Now Received For Rs. 13,30,500.50 ICICI Mutual Fund 11,10,185.75 SBI Mutual Fund My question is that How to make its entry for excess Received.


24 January 2023 The excess amount received is profit on sale of investment and will be recorded as income in the books of accounts.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query