16 April 2008
Dear all i have one doubt regarding accounting of option contract. Here am giving the following datas please tell me the way to account it For 1st contract: Trade date is 07-11-07 Expiry date is 27-03-08, contract amount is USD 200000 conversion rate is Rs.40. Total INR is 800000/- Margin is 3% i.e 240000 For 2nd contract: Trade date is 07-11-07 Expiry date is 28-05-08, contract amount is USD 200000 conversion rate is Rs.40. Total INR is 800000/- Margin is 3% i.e 240000. If any other information is required please take an assumnary figure and please solve it
CAclubindia
