FINANCIAL ACCT-CONNECT
FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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Chapter C, Problem 4QS
Summary Introduction

Concept Introduction:

Investments are classified into short term investments and long term investment according the period of holding the investment. A long term investment is held for a period of more than one year. Long term investments are generally made to gain the safe and steady growth of the investment.

To prepare: the journal entries to record the transactions.

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