how MCX trading transaction shall be reflected in balance sheet of a manufacturing company
1. is this will be part of normal sale purchase
2. or will be treated as speculation profit or loss ( net )
1 Replies
Rakesh
(Interenal Auditor)
(38 Points)
Replied 21 July 2009
It shall be treated as Profit or Loss from Speculation Business and can be taken into Other Income group, since it not the primary business of the concern
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