Ledger head for profit on mg saLes

Dilip Khambete (98 Points)

18 September 2022  

Suppose a mutual fund cost value 10000 is sold for rs15000 market value,so gains from mf redemption is 5000. My question is

What should be the ledger name for entering 5000 rs entry in tally?

Under which group/head is such ledger created in tally so that correct entry is passed.

I want to create a new ledger to record such profit/gains from sale of mg investment

Thanks in advance

Regards

Dr dilip khambete