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Accounting of Share Trading Companies

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(Querist)
19 October 2007 I want to know about Accounting System followed by Share Trading Companies regarding book keeping,P&L,Balance Sheet etc.
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
22 October 2007 Treat shares as stock-in-trade , sales of shares as turnover , purchase of shares as Purchases .......as if the share is the commodity dealt with ......rest will follow .

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