Treatment for trading profit

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2013 Pls resolve my querry as soon as possible....

my company is involved in Trading business of various items i.e. paper, sugar etc, but now it is getting involved in trading of shares, currency trading & commodity trading. So how should i account for the profit or loss earned from these new activities, whether it is part of specutaion business or it is ordinary as we are trading concern. Also explain the accounting entries.
Pls explain it clearly. and if possible, give me your contact no. so that i can understand it more clearly.

Thanks & Regards

Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2013 Please, somebody reply me..... its urgent...
Thanks

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