Share trading - accounting entries

Hello friends,

I want to know the accounting treatment of inter-day and intra-day trading in my books. I am a client of berkeley. also tell me as per equity and commodity differently.

Replies (1)

in case of equity :

for intraday : share speculation purchase a/c                         dr           

                             To share speculation sale a/c                        

                     (difference will be debited / credited to the broker's a/c)

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