Profit and loss statements

This query is : Resolved

GAURANG DHANDHALA (Querist)
Follow

31 December 2015 HOW TO PREPARE P & L ACCOUNT IN SPECULATION BUSINESS? I AM TRADING IN INTRA DAY PURCHASE AND SALE OF SHARES. NOW I HAVE TO PREPARE P & L, BALANCE SHEET FOR THE INCOME TAX PURPOSE. BUT I AM IN CONFUSION ABOUT HOW TO PREPARE P & L. IN SPECULATION BUSINESS TURNOVER IS CONSIDERED AGRIGATE OF GAIN AND LOSS WITHOUT CONSIDERING NEGATIVE SIGN SO IN THIS SITUATION HOW CAN I PREPARE COMPLETE P & L ACCOUNT SO THAT I CAN ARRIVE THE PROFIT IN P &L WHICH I EARN IN SPECULATION BUSINESS. I AM NOT INTERESTED IN JOURNAL ENTRY.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

31 December 2015 Do it in simple EXCEL. in columner form.

GAURANG DHANDHALA

GAURANG DHANDHALA (Querist)
Follow

01 January 2016 i am not satisfied. please tell which items in p & l should be disclosed.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

04 January 2016 date of purchase, date of sale, name of item/security , quantity, buy rate, sell rate, brokerage STT etc. net profit/loss

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

shobi H

P.S.Satya narayana

SARAVANAN PALANISAMY

tsrandcompany@gmail.com

nandeesh mashyal

Subscribe Now

Profit and loss statements

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANT

Accountant

Manager- Finance and Compliance

GST CONSULTANCY

Senior Executive