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need accounting entry to be passed for futures & options transcation

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This query is : Resolved

CA.VIKRAM RANKA (Querist)

16 January 2008 i have been trying lot to find the correct way of accountin futures & options entry .. still didnt find the standard accounting entry ..

So pls request you people to hep me in this regard.

Even i want what entry to be passed in tally for ipo allotment ...

Jaina Shah

Jaina Shah (Expert)

22 May 2008 For trading in FUT & OPT
1) Pur
Share investment A/c Dr.
STT A/c Dr.
To Share Brokers' A/c
2) Sale
Share Brokers' A/c Dr.
STT A/c Dr.
To Share investment A/c

For IPO
1) When Applied for (pymt)
Share Application A/c Dr.
To Bank A/c
2) when alloted (JV)
Share investment A/c Dr.
To Share Application A/c
3) Remaining Amt when recd(Rcpt)
Bank A/c Dr.
To Share Application A/c
Finally Share Application A/c Should show NIL Bal

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