open position in F& O segment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 December 2009 accounting treatment in respect of open positions in the fno segment - how is the resultant position to be shown in the P&L account?

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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12 December 2009 The open position in the FnO segment is to be shown on marked-to-market basis. The difference is to be transferred to profit and loss account as positional profit or loss on the open position.

Querist : Anonymous

Querist : Anonymous (Querist)

13 December 2009 dear Amol,
could you explain this for more clarity.any accounting standards on this?

Thanks

Ram Avtar Singh

Ram Avtar Singh (Expert)
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13 December 2009 Author : Anonymous why no one can see your profile. can you explain it?

Querist : Anonymous

Querist : Anonymous (Querist)

14 December 2009 its just that it is not very important than the matter being discussed or clarity being sought.

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