Accounting of sale & purchase of share as investment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2009
Dear sir i just want to know what entries should be made in Tally for accounting of shares as investment, and how to make entries for intra day P&L.
what expenses are allowed for such transactions, i.e. brokerage, stamp duty, turnover charges, STT.
Thanking you.
what expenses are allowed for such transactions, i.e. brokerage, stamp duty, turnover charges, STT.
Thanking you.
30 November 2009
For Accounting as Investment, You Can Capitalize the Costs Incurred on It.
(Ex., Transaction Cost, Brokerage)
Investments (ASSETS) A/c Dr
To Bank
(Ex., Transaction Cost, Brokerage)
Investments (ASSETS) A/c Dr
To Bank
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