Question

Journal Entry for Purchased investment?

Answer 1

hi mate I think this may be a entry.

Explanation:

Cash A/C dr To investment A/C

Answer 2

Journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit   Credit

             Investment                          A/c Dr.       xxx

                To Cash \ Bank                   A/c                         xxx

                (Being investment purchase from cash or bank)

Note: Investment account will be debited because investment come into the business.

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