Accounting for Future & Option and cash market

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jasmin

jasmin (Querist)
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11 January 2008 Dear sir,

kindly , guide me as how to account for
future exchange traded contracts.

thanks

jasmin

jasmin (Querist)
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11 January 2008 I wish to know the accounting for F& o segmants

Jaina Shah

Jaina Shah (Expert)
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22 May 2008 For trading in FUT & OPT
1) Pur
Share investment A/c Dr.
STT A/c Dr.
To Share Brokers' A/c
2) Sale
Share Brokers' A/c Dr.
STT A/c Dr.
To Share investment A/c

For IPO
1) When Applied for (pymt)
Share Application A/c Dr.
To Bank A/c
2) when alloted (JV)
Share investment A/c Dr.
To Share Application A/c
3) Remaining Amt when recd(Rcpt)
Bank A/c Dr.
To Share Application A/c
Finally Share Application A/c Should show NIL Bal