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Broker balance mismatch while accounting of shares

This query is : Resolved 

26 November 2021 Dear Sir,

One of my client deals in share trading in which he has a share trading account with a broker.

He has sold shares in FY 2020-21 for which he received the money in his wallet like paytm which he keeps separately for trading purpose

My question is where should I show this entry of Sale proceeds as the sale amount is not received into his bank account leading to mismatch in his broker's account.

Regards,
Divyesh Jain

26 November 2021 You need to maintain the 'wallet account' like you are keeping the bank account.

Wallet A/c Dr.
To Broker A/c
(Sale proceeds received)

26 November 2021 Ok, Thanks for your reply






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