accounting entry
This query is : Resolved
rajender singh
(Querist)
29 March 2010
pls clerify intra day profit in share book either as profit or as purch. and sale
for example
29.03.10
purchase 100 share of tata @ 1000/-
sale 100 share of tata @ 1050
both are transacion in a same day
should i book as net profit 100@ 50/-
cash or bank a\c dr. 5000
intra day profit cr. 5000
or
should i book as sale and purch.
pruchase dr. 100000
sale cr. 100000
this type of transaction has made in croe in a day
pls help me
shou
for example
29.03.10
purchase 100 share of tata @ 1000/-
sale 100 share of tata @ 1050
both are transacion in a same day
should i book as net profit 100@ 50/-
cash or bank a\c dr. 5000
intra day profit cr. 5000
or
should i book as sale and purch.
pruchase dr. 100000
sale cr. 100000
this type of transaction has made in croe in a day
pls help me
shou
CA Ashok Kumar Sahu
(Expert)
03 April 2010
you should book as net profit 100@ 50/-
Brocker or cash or bank a\c dr. 5000
intra day profit cr. 5000
Brocker or cash or bank a\c dr. 5000
intra day profit cr. 5000
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