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Investment in Equity Securities (FVTPL)
Recording the purchase of shares in another company held for trading.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Investment in Equity (FVTPL) | Asset (+) | 15,000.00 | - |
| Cash | Asset (-) | - | 15,000.00 |
💡 Accountant's Note
FVTPL stands for 'Fair Value Through Profit or Loss'. Any change in share price at year-end will go directly to the income statement.
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