How to comp[ute turnover of commodities trading

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31 Points Posted on 06 August 2013

A PERSON DEALIGN IN COMMODITIES TRADING (NSEL) PURE SPECUALTION NOT ON DELIVERY BASES. HOW CAN I COMPUTE THE TOTAL TURNOVER FROM TRADING

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On 06 August 2013 at 19:50 Report
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CA Student
15932 Points Posted on 06 August 2013
Originally posted by : sameer dedhia
A PERSON DEALIGN IN COMMODITIES TRADING (NSEL) PURE SPECUALTION NOT ON DELIVERY BASES. HOW CAN I COMPUTE THE TOTAL TURNOVER FROM TRADING

In such transactions though the contract notes are issued for full value of the purchased or sold asset, the entries in the books of account are made only for the differences.
.
Accordingly, the aggregate of both positive and negative differences is to be considered as the turnover of such transactions.

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On 06 August 2013 at 20:13

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