I am currently doing the accounts for a company which has an investment in an equity fund. The double entry for the original purchase is:
DR Investment account
the equity fund is an accumulation unit where income is not distributed to an investor but is retained in the fund and reinvested. The accumulation is still taxed as income and is added to the base cost of the investment.
i need to know what the double entry for the increased base cost is - i assume it is DR Investment Account but what is the credit side????