Loss in sale of shares

This query is : Resolved

MAKARAND DAMLE (Querist)
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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 ?

Amol S Joglekar

Amol S Joglekar (Expert)
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22 September 2015 Debit : Loss on shares held for trading purpose
Credit : Shares held for trading purpose

MAKARAND DAMLE

MAKARAND DAMLE (Querist)
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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

Amol S Joglekar (Expert)
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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)

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