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 )
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 )
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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