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Accounting of f&o

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(Querist)
11 June 2012 How to do accounting for Futures & Options. Should p&l arising out of M2M should be booked in single ledger or seperate debit/credit note should be issued to broker.
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
12 June 2012 separate debit and credit note will be better as it also helps you determining the turnover

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