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
Recent Topics
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
Related Threads
CAclubindia
