How to do accounting of commodity future transaction

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2011 Dear sir,

Please suggest how to do accounting of commodity future and mcx future transactions. like jeera, gold, silver etc.

30 May 2011 see this link
https://www.caclubindia.com/share_files/guidance-note-on-accounting-for-futures-options-28916.asp

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2011 DEAR SIR,

THIS GUIDANCE NOTE SHOWS ACCOUNTING OF EQUITY INDEX FUTURE AND OPTIONS CONTRACT.

I WANT TO KNOW ABOUT ACCOUNTING OF COMMODITY FUTURE CONTRACTS WHICH IS TRADED ON NCEDX OR MCX.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2011 NCDEX OR MCX

30 May 2011 Same as that of shares as accounting is on mark to market basis only.


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