each side of investment account have
columns of cost.
4
2
1
3
Answers
Answer:
4 is the write answer OK.
Answer:
Each side of Investments Account have 3 columns of amount.
Explanation:
The Investment Account is maintained in a columnar form with three amount columns on each side namely, Nominal, Interest/Income and Principal/Capital.
Investment is a term which means to invest in some asset or thing or it is a term used for spending money outside the business in order to earn some income. This income is non-trading in nature. Usually, money is invested in Government Bonds, Securities, Shares and Debentures of companies etc. An investment account is a current account that is linked to a specific type of account known as securities account. It is used to do transactions as transfer money to securities and deposit services.
Each side of Investment Account have three columns of amount. The face value or nominal value of securities purchased or sold is recorded, however, in the 'Nominal' column.
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