Loss in sale of shares
This query is : Resolved
MAKARAND DAMLE
(Querist)
22 September 2015
Loss is incurred in trading of shares held as investment by a Pvt Ltd Company.
This Loss how to reflect in Profit & Loss and final accounts ?
This Loss how to reflect in Profit & Loss and final accounts ?
Amol S Joglekar
(Expert)
22 September 2015
Debit : Loss on shares held for trading purpose
Credit : Shares held for trading purpose
Credit : Shares held for trading purpose
MAKARAND DAMLE
(Querist)
22 September 2015
I want to know under which head in P & A/C Loss to be shown and in Balance Sheet the investment under which head ?
Amol S Joglekar
(Expert)
22 September 2015
Create the count head as aforesaid.
Balance sheet ???? when the shres are sold by the Pvt Company, it wont appear in Balance Sheet.
(For other investments, the grouping is to be made as held till maturity AND held for trading. They are shown under INVESTMENTs in Balance Sheet)
Balance sheet ???? when the shres are sold by the Pvt Company, it wont appear in Balance Sheet.
(For other investments, the grouping is to be made as held till maturity AND held for trading. They are shown under INVESTMENTs in Balance Sheet)
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
