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1. Record the purchase of investments by passing journal entries in the books of Sharjah Electronics Limited. (7 marks) 2. Record the receipt of
1. Record the purchase of investments by passing journal entries in the books of Sharjah Electronics Limited. (7 marks) 2. Record the receipt of investment revenue by passing journal entries in the books of Sharjah Electronics Limited. (5 marks) 3. Adjustment of Available for Sale Investment to Fair Value as on 31/12/2021(2 marks) 4. Pass journal entries to record united unrealized holding gain/ loss. (4 marks) 5. Pass journal entries to record the sale of investments. (7 marks) Sale of Investments 01/15/2022 Sold State Bank of India bonds for $1,450,000. 01/15/2022 Sold Dubai Consultancy Services Limited Common Stock for $2,892,000.
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1 Purchase of investments Date Particulars LF Debit Amount AED Credit Amount AED 2022 Jan 01 Investm...
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
