How are F & O Transactions accounted in the books?
If there is any contract which is in continuance (i.e. not cancelled or discharged) as at 31st March, then :
(a) What will be the closing entry as on 31st March?
(b) What will be the opening entry as on 1st April?
Please provide the solution
Menu
Future & options transactions accounting
Replies (1)
Visit the following link....
/share_files/guidance-note-on-accounting-for-futures-options-28916.asp
Recent Topic
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
Related Topics
CAclubindia
