Future & options transactions accounting

M Agrawal (Student) (127 Points)

28 July 2011  

How are F & O Transactions accounted in the books?



If there is any contract which is in continuance (i.e. not cancelled or discharged) as at 31st March, then :

(a) What will be the closing entry as on 31st March?

(b) What will be the opening entry as on 1st April?



Please provide the solution