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Closing Entry

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Accountant
44 Points Posted on 27 April 2017
If we purchase and sale of share at the end of the month if we loss. What entry pass of loss transfer to Profit and Loss Account.
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On 27 April 2017 at 19:37 Report
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student
5908 Points Posted on 27 April 2017
at the time of purchase it will be
shares a/c ... 100
to bank 100
at the time of sale,
Bank 90
Loss on shares 10
to shares 100
at month end
Pnl 10
to loss.. 10
23 Reply
On 27 April 2017 at 22:29
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Accountant
44 Points Posted on 27 April 2017
P&L Dr. 10
To HDFC Securities or share cr. 10.
is it correct entry for loss transferring to P&L Account
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On 27 April 2017 at 22:40
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student
5908 Points Posted on 28 April 2017
it's but better u make it as a
23 Reply
On 28 April 2017 at 02:16
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student
5908 Points Posted on 28 April 2017
loss 10
to security 10
& then
pnl 10
to loss 10
for proper presentation and understanding
23 Reply
On 28 April 2017 at 02:17
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Accountant
44 Points Posted on 28 April 2017
ok thanks Mam
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On 28 April 2017 at 07:52


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