What abt share trading loss?????
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2013
Dear Sir,
If someone has loss from share trading activity whether it is Short Term loss or Business Loss also whether to debit in Capital Account?
Thanks......
If someone has loss from share trading activity whether it is Short Term loss or Business Loss also whether to debit in Capital Account?
Thanks......
20 July 2013
From Trading Activities in shares, a person with sound mind and conscience, always makes a loss. Though his capital erodes, it is a normal business loss.
.
The loss is transferred from P&L a/c to Capital Account.
.
.
The loss is transferred from P&L a/c to Capital Account.
.
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