Accounting of commodity transaction
This query is : Resolved
Anand Modi
(Querist)
06 April 2012
Dear Sir,
How to do accounting of Commodity transactions made in a single day and profit is booked. please specify with journal entry
How to do accounting of Commodity transactions made in a single day and profit is booked. please specify with journal entry
Aditya Maheshwari
(Expert)
06 April 2012
If traded on the exchnage debit the broker credit P & L A/c
Anand Modi
(Querist)
06 April 2012
Do we have to do net a/cing only and not to follow any accounting standard
Aditya Maheshwari
(Expert)
06 April 2012
net accounting only. Accounting on Mark to market basis/
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