Dear Sir
We have sold some stock which was purchased in October 2021 please provide profit entry in books of accounts.
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Share Sale Profit entry
Replies (2)
Quick Summary
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
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
Sir, main business is Supplier of Marble cut piece s.
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