Accounting head
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2012
Respected all,
Please refer to the following query:
A stock broking firm had wrongly purchased shares in the code of the wrong client.Thereafter, it sold the said shares on the next day at a low price. The broking firm had incurred a loss of Rs. 11000/- on selling these shares and paid for the loss.
Under which head, this loss is to be accounted by the broking firm?
Regards
Please refer to the following query:
A stock broking firm had wrongly purchased shares in the code of the wrong client.Thereafter, it sold the said shares on the next day at a low price. The broking firm had incurred a loss of Rs. 11000/- on selling these shares and paid for the loss.
Under which head, this loss is to be accounted by the broking firm?
Regards
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2012
No reply...................................................................................................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Import of Capital Machine
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Capital gain on commercial property and investment in residential property
- Closer of business and itc of capital goods
- ARCA LOGIN
- TDS Return Statement Status
- 18% Rent a cab
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
