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.
Menu
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
Recent Topics :
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
- Compliance under Society Act 1860
- Hi experts need help
- How to object stamp duty value if property is sold
Related Topics :
CAclubindia
