margin

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2010 I AM DEALING IN FUTURES AND BROKER HAS CREDITED MY ACCOUNT BY MARK TO MARKET MARGIN IN HIS BOOKS. IS IT MY INCOME OR LOSS ?
PLZ REPLY EARLY ITS URGENT.

26 November 2010 Neither. It gets reversed on the next trading day.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2010 sir basicly i want to know my profit/loss in future out of the broker statement. the statement shows debit balance. does it mean i have incurred the loss ?

26 November 2010 A seperate entry for mark to market must have been passed in the brokers ledger. During trading in F & O they do debit margin requirement as per SPAN margin and the same is debited and reversed on the next day and if still position is outstanding then new margin is calculated for the next day.

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Querist : Anonymous

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27 November 2010 sir how can i find turnover for audit purpose from that statement ?

27 November 2010 total of profit + loss in F & O will be your turnover.

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Querist : Anonymous

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27 November 2010 sir in broker statement debit side is more by 5lac it means i have incurred the loss of 5 lac and that is my turnover

27 November 2010 consider credit side also and do not include margin in your total. It would be profit + loss

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Querist : Anonymous

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27 November 2010 sir entry apart from the reversal of margin is my profit/ loss ?

27 November 2010 No.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2010 so what is my profit/ loss. plz tell sir its urgent.

27 November 2010 Total of debits and credits in the accounts on F & O trading in mark to market.


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