Share purchase expenses


This query is : Resolved 

Quick Summary
When purchasing shares, various expenses such as brokerage, stamp duty, GST, and STT are incurred. These costs should be added to the initial cost of the share purchase. It is recommended to maintain a single ledger for share investments, typically categorised under the 'Investment' or 'Capital' group within your accounting software.

13 February 2022 Dear Sir

During purchase of share we have paid some expenses eg. Brokerage, Stamp duty,GST, STT please suggest entry in books of accounts and name of the group in which we create the ledger

13 February 2022 Add all expenses to the cost of share purchase.
Keep single ledger of share investment.

13 February 2022 Dear Sir

Name of the group Investment or Capital

14 February 2022 It's investment only.


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