Incase a person sells a part of his rights shares and subscribes to the remaining, what will be the treatment for recording the sales proceeds in the investment a/c? Will the amount be entered in the dividend column or amount column?
Peter Sequeira (*) (81 Points)
04 February 2012Incase a person sells a part of his rights shares and subscribes to the remaining, what will be the treatment for recording the sales proceeds in the investment a/c? Will the amount be entered in the dividend column or amount column?
adamya
(Consultant)
(50 Points)
Replied 04 February 2012
What is this amount and dividend Colum?
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Peter Sequeira
(*)
(81 Points)
Replied 04 February 2012
adamya i meant, does the amount come in INCOME column or AMOUNT column?
Peter Sequeira
(*)
(81 Points)
Replied 05 February 2012
According to me the amount should be recorded in the "amount" column. However in the Tulsian book its recorded in the "income" column.
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