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RT62
New Member
September 10, 2026
Question

OLD INVESTMENTS

Helping someone out, She has the following adjustments that are in question. 

She was going to delate the original entry. I told her it needs a AJE.

Can someone please explain -How to properly remove a investment from a few years ago (2022)  from the balance sheet /other assets account.

 

Appreciate it! 

1 reply

Robin_K
New Member
September 11, 2026

I wouldn’t delete the 2022 entry. First figure out why the investment needs to come off the books, sold, written off, transferred, etc, because the other side of the entry depends on that. If 2022 is already closed, I’d make the adjustment in the current period and have the accountant confirm which gain/loss or equity account should be used.

Robin Kon
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