Shares

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vilas yeole (Querist)
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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

Ganeshbabu K (Expert)
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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

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