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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How to comp[ute turnover of commodities trading
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| Originally posted by : sameer dedhia | ||
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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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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.
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Accordingly, the aggregate of both positive and negative differences is to be considered as the turnover of such transactions.
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