F & O

can anyone reply?

"Amt due to us" means the amount of money payable by you to them May be for charges or for shares purchased by you.

"Amt due to you" means the amount receivable by you from them for the shares sold by you.

Journal Entry-Due to us.(For shares purchased assumed)

Charges*/Investment A/c---------Dr.                                           (Amt due to us)

      To. Brokerage House (Eg. Kotak Sec etc)       (Amt due to us)

(*Charges A/c debit if the amount payable is for their charges)

Journal Entry-Due to you (For shares sold assumed)

Brokerage House (Debtors) A/c--------Dr.                   (Amt due to you)

      To. Investment A/c                                                      (Amt due to you)