KINDLY ANY ONE LET ME KNOW THE ENTRIES ARE CORRECT IN RELATION TO HEDGING ON GOODS
BROKER NAME=EQUITY TRADERS
MY COMPANY NAME=ABC
WHEN TRANSFERRING MONEY TO "EQUITY'
DR. EQUITY TR
CR BANK AC
WHEN THEY BUYING HEDG INSTRUMENTS
DR HEDGE INVESTMENT AC
CR EQUITY TR
WHEN INVESTMENT SOLD AT LOSS
DR BANK AC
DR HEDG
CONCERNS: When reading different article it saying if there is a loss we should credit the goods but in practical how it possible to adjust from stock (reducing amount of stock value) can you suggest journal sets with practical sense?
CAclubindia
