Broker balance mismatch while accounting of shares
This query is : Resolved
26 November 2021
Dear Sir,
One of my client deals in share trading in which he has a share trading account with a broker.
He has sold shares in FY 2020-21 for which he received the money in his wallet like paytm which he keeps separately for trading purpose
My question is where should I show this entry of Sale proceeds as the sale amount is not received into his bank account leading to mismatch in his broker's account.
Regards,
Divyesh Jain
One of my client deals in share trading in which he has a share trading account with a broker.
He has sold shares in FY 2020-21 for which he received the money in his wallet like paytm which he keeps separately for trading purpose
My question is where should I show this entry of Sale proceeds as the sale amount is not received into his bank account leading to mismatch in his broker's account.
Regards,
Divyesh Jain
26 November 2021
You need to maintain the 'wallet account' like you are keeping the bank account.
Wallet A/c Dr.
To Broker A/c
(Sale proceeds received)
Wallet A/c Dr.
To Broker A/c
(Sale proceeds received)
26 November 2021
Ok, Thanks for your reply
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