Q1. Sir if in the Q its given
Opening value – 140000 and closing-70000
Adj- Face value of investment was 175000 and 50 percent of the investment is sold at 80% of face value.
So sir sale value of investment 70000 hogaya? Toh fir loss on sale of investment bhi hoga na?
Q2 In Receipts and payment a/c loss on sale of Furniture ya loss on sale of Investment vo toh nahi aayega na?
Q3. Grant recieved for revenue expense( maintenance) vo kaha pe aayega? liability ki income expenditure account?
q1) 50 % of FV = 87500
80% OF FV =140000
So profit na of 140000-87500= 52500.
q2) Yes u are right
q3)INCOME EXPENSE