Daily we are trading steel trading NCDEX, for eg. steel rate is 28000 for 5% margin money we buying & selling for 29500.00. Brokerage & turnover charges are their. How we have to account these are all.
Any rules are their to account share / Commodity tradings.
29 January 2011
It is derivative , there is no intial investment in this case, You have have accounts profit or loss arising on these transaction in your books of accounts.
CAclubindia
