Disposal of Shares
BJD2018
Registered Posts: 1 New contributor 🐸
Our registered charity sold some shares and receives cash of £120k into the business bank account.
This is what i have done:
DR Bank (Cashbook) and CR Investment (balance sheet).
(I know that it would be wrong to CR income with £120k)
What else do i need to do?
Do I need to workout the profit/loss on the disposal like we do if a fixed asset?
What are all entries entries for the Disposal of Shares is what I'm asking?
Thank you.
This is what i have done:
DR Bank (Cashbook) and CR Investment (balance sheet).
(I know that it would be wrong to CR income with £120k)
What else do i need to do?
Do I need to workout the profit/loss on the disposal like we do if a fixed asset?
What are all entries entries for the Disposal of Shares is what I'm asking?
Thank you.
0
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