Accounting for Future & Option and cash market
This query is : Resolved
11 January 2008
Dear sir,
kindly , guide me as how to account for
future exchange traded contracts.
thanks
kindly , guide me as how to account for
future exchange traded contracts.
thanks
Jaina Shah
(Expert)
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
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
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