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...................................................................................................
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