How should I treat unrealised gains or losses on shares?

Question

The shares are individually listed as assets.

We want to revalue them on a monthly basis.

What should unrealised gains/losses be treated as, an Asset, Liability or Expense? I think it should not be listed as an expense as the value is unrealised, and this would be paramount to window dressing.

What would the journal entry be if, e.g. shares went up $200
Shares DR $200

Unrealised gains/losses CR $200 ????????

Answer 1

This would be a balance sheet item only. Since it is unrealized it can't go to the income statement.
The entry would be to debit or credit the investment account and then debit or credit an account called "Unrealized gain or loss on investments".
Debit the investment account and credit the unrealized account for gains. Credit the investment account and debit the unrealized account for losses.