I am currently doing Stat audit of A broker.
Accordingly whatever trades they enter of their clients while trading,
automatically that entry gets entered in their accounting software.
But we dont get to see the entry as a whole as it gets directly entered in
their accounting software.
I would like to know that when a broker does purchase and sale of shares
on behalf of his clients, either the clients account gets debited or credited,
which is the corresponding account which gets debited or credited ?
CAclubindia
