Future & options entries in books of accounts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2011 Can anyone say that how to do entry of Future & options in books of accounts of investor? If there are many method than which is the best practice method followed by all accountant? Its an urgent please help....!

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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07 December 2011 I am Suggesting You That Method, Which is Not Recognised, But Followed Generally in Practise.

Take Ledger of Broker,
Just Debit & Credit Transaction With Name F&O Profit/Loss Keeping in Indirect Income Side.
& Balance Will be Net Gain/Loss.