accounting entry
This query is : Resolved
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
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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