Stcg
This query is : Resolved
Querist : Anonymous
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.
Please guide me where is show STCG in trading a/c i.e. debit side or credit side
Thanks in advance.
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.
Normally STCG will part of for p&l a/c and there it would be on the credit side.
CA Pallav Singhania
(Expert)
29 September 2013
Agree with expert,
It will be shown in P/L account on the credit side..
It will be shown in P/L account on the credit side..
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