Accounting of sale & purchase of share as investment

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Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2009 Dear sir i just want to know what entries should be made in Tally for accounting of shares as investment, and how to make entries for intra day P&L.

what expenses are allowed for such transactions, i.e. brokerage, stamp duty, turnover charges, STT.

Thanking you.

CA. SUDHARSAN K G

CA. SUDHARSAN K G (Expert)
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30 November 2009 For Accounting as Investment, You Can Capitalize the Costs Incurred on It.

(Ex., Transaction Cost, Brokerage)

Investments (ASSETS) A/c Dr

To Bank

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