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                  268                               Corporate Finance                      BRILLIANT’S


                  Purpose/Objectives  of  Investment          B§doñQ>‘|Q> boOa Ho$ VmËn¶©/CÔoí¶
                  Ledger
                      Investment ledger is a special type of led-  B§doñQ>‘|Q> boOa, boOa H$m EH$ {deof àH$ma h¡ {Ogo
                  ger which is used by the investing company to  à˶oH$ B§doñQ>‘|Q> Ho$ g^r {ddaUm| H$mo [aH$m°S>© H$aZo Ho$ {bE
                  record all the details of each investment. The
                  main objectives of maintaining investment led-  {Zdoe H$aZo dmbr H§$nZr Ûmam Cn¶moJ {H$¶m OmVm h¡&
                  ger are as follows:                         B§doñQ>‘|Q> boOa V¡¶ma H$aZo H$m ‘w»¶ CÔoí¶ {ZåZ h¢…
                    It helps in proper recording of each secu-   ¶h à˶oH$ {g³¶mo[aQ>r H$s n¥WH$ go C{MV [aH$m°{S>ªJ
                      rity  separately.                           ‘| ghm¶Vm H$aVm h¡&
                    It facilitates, the collection of interest and   ¶h ã¶mO VWm {S>{dS>|S> Ho$ g§J«h H$mo gw{dYmOZH$
                      dividend as and when they are due.          ~ZmVm h¡ O~ do S²>¶y hmo OmVo h¢&
                    It helps to determine the value of security   ¶h AH$mC§qQ>J nr[a¶S> Ho$ A§V ‘| {g³¶mo[aQ>r Ho$
                      (ies) at the end of the accounting period.  ‘yë¶ H$m {ZYm©aU H$aZo ‘| ghm¶Vm H$aVm h¡&
                    It helps to determine the profit or loss on   ¶h {H$gr {g³¶mo[aQ>r Ho$ {dH«$¶ na bm^ ¶m hm{Z H$m
                      sale of any security.                       {ZYm©aU H$aZo ‘| ghm¶Vm H$aVm h¡&
                  A. Purchase/Sale of Investment on the       A. ã¶mO Ho$ ^wJVmZ H$s {XZm§H$ na B§doñQ>‘|Q> H$m
                     Date of Payment of Interest                  H«$¶/{dH«$¶

                      When an investment is purchased/sold on     O~ EH$ B§doñQ>‘|Q> H$mo ã¶mO H$s {XZm§H$ na IarXm/
                  the date of interest, the quotation price con-  ~oMm OmVm h¡ Vmo H$moQ>oeZ ‘yë¶ ‘| H$moB© ã¶mO Zht hmoVm h¡&
                  tains no interest. Therefore, the allocation of a  AV… bmJV VWm amOñd Ho$ ~rM EH$ H$moQ>oS> ‘yë¶ H$m
                  quoted price between cost and revenue does
                  not arise. The entire quoted price represents  Amd§Q>Z CËnÝZ Zht hmoVm h¡& g§nyU© H$moQ>oS> ‘yë¶ {Zdoe H$s
                  the cost of investment.                     bmJV H$mo àX{e©V H$aVm h¡&
                                                Journal Entries / OZ©b E§Q´>rO
                     1.  When investment is purchased at interest date
                         O~ B§doñQ>‘|Q> H$mo ã¶mO H$s {XZm§H$ na IarXm OmVm h¡&

                         Investment Account                             Dr. [(Quoted price + Brokerage)
                            To Bank account                                 × No. of Investments
                     2.  When interest/dividend is received after purchase
                         O~ IarX Ho$ níMmV² ã¶mO/{S>{dS>|S> n«má {H$¶m OmVm h¡&
                         Bank Account                                   Dr.
                            To Interest/Dividend Account
                     3.  When investment is sold at interest date
                         O~ {Zdoe H$mo ã¶mO H$s {XZm§H$ na ~oMm OmVm h¡&
                         Bank Account                                   Dr. [(Quoted price - Brokerage)
                            To Investment Account                           × No. of Investments]
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