Treatment for trading profit
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
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
Thanks
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