Share trading accounting

This query is : Resolved

DIVYESH JAIN (Querist)
Follow

08 April 2021 Dear Sir,

Some of my clients deal in stock trading in large volume and for that I had purchased a software many years ago and pass each and every bill entry in it for calculating capital gain on shares. After that I match the ledger account of the broker and then dmat statement matching. This process takes very long time for arriving at the capital gain and then pass necessary entries in Tally.

Is there any other way I can do the accounting of shares to complete the work in less time ?

Regards,
Divyesh Jain

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

08 April 2021 Capital gains calculations are available with stock broker ask for it.
Stock broker software calculates capital gains.

DIVYESH JAIN

DIVYESH JAIN (Querist)
Follow

08 April 2021 Ok, You mean to say the Global Report?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

08 April 2021 Please tell me what is global report.

DIVYESH JAIN

DIVYESH JAIN (Querist)
Follow

08 April 2021 It reflects the Purchase value, Sale value and Profit or loss on sale

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

08 April 2021 Yes, I meant that only.

DIVYESH JAIN

DIVYESH JAIN (Querist)
Follow

08 April 2021 Okay, Thanks for the reply :)

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

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

Nithish Kothari

ANUPAMA L KANT

Fahima Malik

velichety.l.narasimharao

T.N.Reddy

Subscribe Now

Share trading accounting

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA