07 January 2022
The turnover in case of F&O transaction to be computed as below: (i) The total of favourable and unfavourable differences (Profit/Loss) shall be taken as turnover. (ii) Premium received on sale of options is also to be included in turnover. Asset mention your bank balance and investment.
07 January 2022
No need to give turnover in p and l report only loss in p and l. Capital enter bank balance when you enter bank balance under assets side.
07 January 2022
While preparing BS, What should be considered as asset for salaried person? I am also invested in MF,Stock,SGB, so will that be considered as asset ? How to tally Asset and Liability? Where to mention Options turnover?
07 January 2022
What is to be mentioned in liability, so that both assets and liabilities make a tally ? Pls share your detail, where can I connect with you.
08 January 2022
What all to be included in P&L statement? Buy value along with expenses for Options to be included on loss side and sell value for Options in Profit side? How to tally them? Can we connect over social media channel?
08 January 2022
In p and l give only the net loss. Obtain my number from CA club and talk to me through whatsapp. I am not allowed to share my number here.
09 January 2022
Selling price need to be mentioned as sales in profit side and buying price need to be mentioned in loss? Also expenses need to be mentioned in loss side and In case of losses, net loss to be written in loss or profit side, to match the tally?
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