Accounting entry

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Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2016 journal entry for:

loss from short term capital gain & long term capital gain? as well as gain from short & long term?

how to show in proprietor books of accounts? help........

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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15 February 2016 You have to transfer it to proprietor capital account

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Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2016 what is the journal entry for loss from short term capital gain?

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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16 February 2016 if you are transfer you loss or gain to P&L a/c and your final entry of profit & loss a/c transfer to capital a/c.then no need to do other entry of loss or gain. it will automatic transfer to capital a/c itself.