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Share Sale Profit entry

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729 Points Joined December 2021
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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On 05 February 2022 at 10:15 Report
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CFO- at NHTF
58280 Points Joined August 2012
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
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On 05 February 2022 at 10:20
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729 Points Joined December 2021
Sir, main business is Supplier of Marble cut piece s.
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On 05 February 2022 at 10:27

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