Turn Over of Stock Broker

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2011 how to calculate turnover of a broker on trades (cash, FNO,Options & commodity) done by him? & how to Incorporate them in P&l accounts?

Aditya Maheshwari (Expert)
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03 June 2011 Income of a broker is brokerage income only and that only needs to be reflected in the Profit & loss a/c.

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