Question

Journal+entry+for+sale+of+invesment

Answer 1

Answer: Cash A/C Dr.

To Investment A/C

Explanation:

Answer 2

Sale of investment

Explanation:

                                   Books of (---- Limited)

                                        Journal entry

Date     Account Title and Explanation     Debit   Credit

            Cash / Bank     A/c                            xxx

               To Sale of investment    A/c                        xxx

                   (Being Investment sale for cash or bank)

Explanation: Amount received from the sale of investment so, Cash account will be debit .

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