We have purchased some shares and paid some maekrt expenses like, brokage, Transactions charges service tax etc please suggest in tally which group we crate all the ledger. share purchase and sale is not a main business.
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Quick Summary
This discussion addresses how to correctly group share investment ledgers in Tally when share purchase and sale isn't your main business. The recommended approach is to create a 'Share Investment' ledger under the 'Investment' group on the asset side of the balance sheet. All associated expenses, such as brokerage and transaction charges, should be capitalised and added to this investment ledger.