Hi,
I have a client who has considerable transactions in Futures trading of shares in a year. Every month he gets a ledger from his broker about the changes in the Margin amount, which is hard to understand :(. How do we account for these transactions and the margin money?
I want to know all the possible entries that need to be passed in futures trading.
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Accounting Entry for F/O trading
Replies (2)
Please refer the guidance note released by the ICAI on accouting for Equity index and equity stock futures and options.
Visit this link for the file
/share_files/guidance-note-on-accounting-for-futures-options-28916.asp
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