Amit Kanunga (Article Assistant and Post Gradute) (644 Points)
22 March 2016
Saliq Ansari
(CA_Final Student)
(885 Points)
Replied 22 March 2016
Brokrage is in nature of income or Expenses for the Company.
IF it is Income then recognition will be governed by AS - 9.
&
IF it is Expenses then it would probably be recognised as and when accrued.
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