How to enter share transactions

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Accounts
177 Points Posted on 11 July 2021
I want to know how to enter share transactions in case of individual and if the transactions is conducted in company. how the charges are separated, what is the treatment for profit or loss from the transactions.
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On 11 July 2021 at 12:29 Report
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This discussion explains how to record share transactions for both individuals and companies. It clarifies that the accounting treatment is similar, with purchase charges debited to the purchase amount and sales charges deducted from the sale value. The key is to correctly calculate short-term and long-term profits or losses to ensure accurate tax payments.

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223 Points Posted on 11 July 2021
Accounting of both are same.. The charges pertaining to purchase can be debited in purchase amount and charges pertaining to sales can be reduced from sale value.. You will have to calculate short and long term profit and loss and pay taxes accordingly
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On 11 July 2021 at 13:00
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Chartered Accountant
24588 Points Posted on 12 July 2021
Agree with above comment
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On 12 July 2021 at 05:54

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