03 March 2010
You may pass seperate entries of purchase and sale or a single entry to record the gain or loss, depending on the data rerquirement of the entity for future reference. If the transaction is one and the same set of instruments/securities only occuring on the same day or time credit for the gain/loss only may be accounted for with all relevant details in the naration.You have not specified the type of entity.
CAclubindia
