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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › sandown 12/09
Sir i do not understand the note iv
the only thing that i was able to understand is the gain on equity instrument that will go through OCI and will be added to 26500
and plz explain the dual effect of each
moreover i am confused with the terms investment and equity instrument and other reserves they are really irritating me 🙁
When anyone buys equity shares in a company, they are making an equity investment. This is confirmed by the investor being given a piece of paper called an equity instrument
Debit asset / investments $2,500 and credit OCI / Other Reserve
OK?