capital gains
This query is : Resolved
sumit chawla
(Querist)
12 September 2010
i had a short term capital loss in a.y. 2009-10 .....want to know wat is the accounting treatment for the s.t.c.g(loss)...to show it as current assets or deduct it from own capital a/c
CA Gunjan Kedia
(Expert)
13 September 2010
wen u incur a loss at the time of sale of asset, the loss is credited to the asset account and this loss is subsequently debited in the P/L a/c.
sumit chawla
(Querist)
14 September 2010
well i have incur loss in the share market...so i need to show it in my b/s in asset side or deduct it from capital a/c
CA Gunjan Kedia
(Expert)
16 September 2010
a loss is incurred wen an asset is sold. since the asset in question no longer exists in ur books, where is the question of showing it in B/S ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
