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Nov 29, 2020 3:07 PM UTC
Question

I have a question, We have invested into a business $360 and now that business is dispersed and getting back $320. how can I cancel the long term investment option?

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1 reply

Rustler
Apr 6, 2021 9:50 AM UTC

When you get the 320 back, make a deposit

line one, the bank account, 320

line two, investment expense 40

line three, the investment asset account, a negative 360 (-360)

save