debit investment account
credit cash / bank
example suman moters of rs 10000 is write off then what is the entry
no journal entry required
It is impossible to remember the reason for every entry & the entries in the journal sometimes involve "out of the ordinary" transactions.
Debit accounts payableCredit notes payable
Debit vacation expensesCredit cash / bank
The General Journal
If a company gives a director a loam of 15000 you will record it on the debit section of the general journal entry.
Dr Investment Cr Provision for contingent consideration
You would reverse the journal entry then record the correct entry.
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
equity
A journal records what you're findings are
You record he credit entry for transaction (a) 5/1 in the journal as
Dr. Unrealized loss on investment in Company B (P&L) Cr. Investment in Company B (B/S)
You record on the debit side an amount of 5000 that should be transferred to the general reserve account.
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
debit cashcredit interest on investment