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Accounting entries in books of a client trading in F&O SHARES

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paresh parekh

Accountant

31 Points Posted on 30 March 2020

Will any body please reply me how to pass entries in the books of a client having F& O transactions.

please provide me step by step entry on buying and selling of F&O with a narration

Also mentioned under which head a particular account is to be opened. ( Current Asset, Current Liability, Income or Expense )

Thank you.

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Quick Summary

This discussion seeks a clear, step-by-step guide on how to record accounting entries for clients trading in Futures and Options (F&O) shares. The user is asking for specific entries for buying and selling F&O transactions, including appropriate narrations and the correct classification of accounts (e.g., Current Asset, Current Liability, Income, Expense).