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Stcg

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2013 Dear Expert,

Please guide me where is show STCG in trading a/c i.e. debit side or credit side

Thanks in advance.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
29 September 2013 gain or loss is never shown in the trading account!! i.e. trading gain/loss is the result of the various entries passed into trading account.

Normally STCG will part of for p&l a/c and there it would be on the credit side.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
29 September 2013 Agree with expert,

It will be shown in P/L account on the credit side..
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