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Share Sale Profit entry

Others 779 views 2 replies

Naveen Kumar

729 Points Posted on 05 February 2022

Dear Sir

We have sold some stock which was purchased in October 2021 please provide profit entry in books of accounts.

Replies (2)

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 05 February 2022

You need to provide the accounting treatment of purchase entry to give answer for sale ..

If your main business is purchase & sale of equity sales then you can consider it as business income

Bank a/c Dr

To Investment / Sales

You may consider it as capital gain if you treat it as investment

Naveen Kumar

729 Points Posted on 05 February 2022

Sir, main business is Supplier of Marble cut piece s.

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