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Rakhi Vasavada
Rakhi Vasavada, Financial Advisor
Category: Finance
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Experience:  Attorney and Financial Expert. Have specialization in Financial Laws.Practice experience of over 13 years
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I am a company and I invest in another company. What would

Customer Question

I am a company and I invest in another company. What would be my entries on my balance sheet ? Debit Investment in assets and credit ?
Submitted: 3 years ago.
Category: Finance
Expert:  Rakhi Vasavada replied 3 years ago.
Dear Friend,

Hello and welcome. Thank you for providing an opportunity to assist you.

The journal entry would be similar to that of investment in any other asset. It would be as under:

Investment / Assets A/c DR
TO Bank A/c

I am sure this would help.

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Warm Regards,

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