Hello friends,
I want to know the accounting treatment of inter-day and intra-day trading in my books. I am a client of berkeley. also tell me as per equity and commodity differently.
1 Replies
Snehashish
(CA FINAL)
(22 Points)
Replied 09 September 2011
in case of equity :
for intraday : share speculation purchase a/c dr
To share speculation sale a/c
(difference will be debited / credited to the broker's a/c)
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