Accounting in tallyerp 9 of an individual who is into business of share trading ( nse )
This query is : Resolved
CA Raj Doshi
(Querist)
11 June 2014
Can anyone guide accounting of an individual whose into share trading ? What all documents to be asked for ? Which ledgers will go under which group in tally ? What about stt , demat charges , dividend income in course of share trading ? What about closing and opening stock of shares and their valuation ?
Nikhil Kaushik
(Expert)
12 June 2014
you need all the broker's contract notes, DP statement and bank account statement to start with.
account for STT, brokerage etc as separate direct expenses. same applies to demat charges
dividend income will also be booked as direct income.
you may value closing stock at the lower of cost or market value.
account for STT, brokerage etc as separate direct expenses. same applies to demat charges
dividend income will also be booked as direct income.
you may value closing stock at the lower of cost or market value.
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