Loss on Investments Sale

Account Information

Account Type	Income Statement
Normal Balance	Debit

Losses incurred when investments are sold below their cost

Loss on sale of shares

Dr. Bank Account
Dr. Loss on Investments Sale
Cr. Short Term Investments

Loss on mutual fund liquidation

Dr. Bank Account
Dr. Loss on Investments Sale
Cr. Mutual Funds

Transfer investment losses to income

Dr. Income Summary
Cr. Loss on Investments Sale

Loss on investment impairment

Dr. Loss on Investments Sale
Cr. Long Term Investments