Clarification of Entry.

We have purchsed 100 share by cheque and we have sold 200 share from our stock. Tell how can we give entry to accounts ?

Questions by deepakkumarcs   answers by deepakkumarcs

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  • Nov 28th, 2010

    Purchase of Share
            Share a/c dr Bank a/c cr
    Sold of shares
            Bank a/c dr Share a/c cr

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  • Feb 25th, 2018

When you purchase 100 shares : the entry will be :
Inventory a/c DR
Good Receipt Note CR
GRN a/c DR
Vendor Cr
Vendor - DR
Bank - Cr
When You sold 200 Share the entry will be:-
Cost of Gold Sold - Dr
Inventory A/c - Cr
Customer a/c - Dr
Sales a/c - Cr
Bank A/c - Dr
Customer - Cr

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