Accountancy, asked by sharmaanushka64, 10 months ago

journal entry for received on sale of investment

Answers

Answered by vy91917gmailcom

Answer:

Investment Cost

The initial purchase of the other company's stock increases your investment account and decreases your cash account on your balance sheet. To record this in a journal entry, debit your investment account by the purchase price and credit your cash account by the same amount.

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