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lilypearl
Jun 12, 2023 9:50 PM UTC
Question

Posting Capital Gains and Losses

Hello,

 

Which G/L or account would I post realized gains and losses from shares/stocks sold on Dow Jones or TSX etc? What would I debit and what would I credit?

 

And do I need to pass entries for Unrealized gains and losses?

 

Thank you.

1 reply

Amanda-B
Jun 12, 2023 11:20 PM UTC

Hey there lilypearl,

 

Thank you for contacting us here. Ensuring that you record your transactions correctly is an essential step in maintaining clean books. I would be happy to provide some information.


To ensure the accuracy of your books, I recommend that you contact an accounting professional for expert advice. They will be able to point you in the right direction so that your accounts can end up with the correct balance. Having an accountant can be beneficial for you and your business. You can find an accountant who has experience with QuickBooks near you by clicking on this link.


If you have any further questions, please do not hesitate to contact us here.

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