Shares
This query is : Resolved
vilas yeole
(Querist)
07 June 2013
if shares are purchased from x co by client than what entry is passed in the book clients bank book which a/c is debited brokers a/c or x co shares a/c. how this entries are passed plz tell me.
Ganeshbabu K
(Expert)
07 June 2013
Investment in X co. shares a/c dr (value of shares purchased)
to bank
Brokerage/commission a/c dr
to bank
( being brokerage on shares purchased X co. paid to broker)
Note: tds to be deducted if TDS 194h applicable
to bank
Brokerage/commission a/c dr
to bank
( being brokerage on shares purchased X co. paid to broker)
Note: tds to be deducted if TDS 194h applicable
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