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Asked Feb 8, 2019
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I have a question about Assets and the order of Assets in terms of where they are placed on the Balance Sheet. Investment Funds/Investment in Stock. That is an Asset correct, and a Debit Account? Let's say you have that as an Asset for $56,000. Since there has to be an offsetting credit where would be record that offset?

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Expert Answer

Investment Fund/ Investment in Stock is an asset accounts. These shall be reported on the balance sheet immediately following current assets. ...

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