AR.Chidambaram (manager) (25 Points)
11 August 2011
Can anyone suggest the accounting procedure- entries for the trading account where there are many contract notes with many scrips which are being held and traded intraday.
Tejas
(Accountant)
(78 Points)
Replied 11 August 2011
hello.... u could proceed by having scripttwise ledgers and posting entries of purchase amt and sell amt per scriptt inclusive of brokerage charges alongwith quantity.....and then balance shares could be transfer to stock -in-trade or shares investment a/c as per the holding period of shares....
also...create ledger for STT paid per transaction and other charges levied...
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