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Post Info TOPIC: Company sells its listed investments in shares
DH


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Company sells its listed investments in shares
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Hi All, Just trying to double check the bookkeeping journals for a close company selling its listed investments in shares. Its a management consultancy limited company which owned some shares in Lloyds Bank I think. It sold these shares and the proceeds were paid into the company bank. The shares were shown in fixed assets in previous years. Any help would be much appreciated. Do I treat it like i would selling plant & machinery and then because the proceeds were more than the cost shown in the balance sheet, there is a profit on disposal. Does this get adjusted in the tax comp too, ie deduction?



-- Edited by DH on Thursday 6th of July 2017 02:09:39 PM

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Cheshire


Master Book-keeper

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You didnt reply to the last responses we did.

http://forum.bookkeepers.network/t62639368/uk-supplier-invoicing-in-euros/

http://forum.bookkeepers.network/t62639267/how-to-post-a-uk-supplier-invoice-in-euros/

http://forum.bookkeepers.network/t63269238/xero/


Not really the way to go about things to get any help.

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
DH


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Posts: 12
Date:
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Sorry, I havent been on here since the last time I posted. Brief background, I am in practice, currently subcontracting and looking to start my own practice eventually. Finding the marketing side of things quite tricky being a one man band too and time to time looking to fill the holes in my knowledge!

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