intraday Accounting of shares

Aashish (CA Job) (45 Points)

03 June 2010

I purchased Share @ 100 and sold @ 98, Have loss of 2 and owe broker 2

how to account .. i need to enter all details in details

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amit (articled assistant) (28 Points)
Replied 03 June 2010

FOR THIS YOU HAVE TO CREATE THREE ACCOUNT

1. BROKERAGE UNDER DIRECT EXPENSES OR INDIRECT EXPENSES

2. INTRADAY OR SHARE DAILY TRADING ACCOUNT UNDER DIRECT INCOME OR INDIRECT INCOME

3.BROKER ACCOUNT UNDER SUNDRY CREDITORS

ENTRY IS AS FOLLOWS

DEBIT THE ACCOUNT BROKERAGE BY RS. 200.00

DEBIT THE ACCOUNT INTRADAY BY RS. 200.00

CREDIT THE BROKER ACCOUNT BY RS. 400.00

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