How to maintain book of accounts share purchase and sales

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Kesavan (Querist)
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22 October 2015 Dear Expert,

I have purchase share and also i have sales the share. Please let me know how to this type of accounts maintain in tally. Which entry i will pass.

Thanks,

Amol S Joglekar

Amol S Joglekar (Expert)
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22 October 2015 In addition to sale and purchase, you need to maintain the record of date, commission etc with respect to each sale and purchase.
You can CREATE the company wise accounts under investment group. say for example
While purchasing
Debit L & T shares
Credit Broker
Debit Broker
Credit Bank

While selling
Debit Broker
Credit L & T shares
Debit Bank
Credit Broker.

(In the narration you can mention the brokerage, STT etc.)

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