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Accounting question - How do I post an entry for a loss on my investment?


Accounting question - How do I post an entry for a loss on my investment?

Dt - Loss on sale of investment (asset) - INCOME STATEMENT

OR

Dt - Capital - BALANCE SHEET

AND

Kt - investment (asset) BALANCE SHEET

I'm not sure about the tax implications in your country, is the loss of a income or capital nature.

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