Groww profit and loss statement
Atharv Sankliya (1354 Points)
01 October 2022
why groww p&l show negative realised profit although I dont sell shares in loss ??
9 Replies
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 01 October 2022
It could be because of revaluation of shares.
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 01 October 2022
But realised profit is after realisation. Maybe you got it wrong somewhere. P&l has settled sales and revaluation gains and losses on trade.
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 01 October 2022
FIFO give cost of inventory as a residual.
FIFO also is used for allotting share like prorate.
So your query is about shares or inventory?
Atharv Sankliya
(1354 Points)
Replied 01 October 2022
My query is how I incurred loss although I dont sell any share in loss ??
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 01 October 2022
Ok. That's a tough answer to give. Usually during revaluation of investment, if the market index falls below the face value or previously revalued amount, the loss must be reported.
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 01 October 2022
Forgot
Facevalue of share x new market index / old index = value minus old value gives loss or profit on shares. This must be reported.
sabyasachi mukherjee
(27579 Points)
Replied 02 October 2022
Pls check the scriptt holding and the stocks performance
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 02 October 2022
How sir? They are treated in the equity and a scrip is exchanged by its value for any loss or gain to be treated into securities premium account.
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