Question:
Hi, I am a management student & our group wants to present in the class on the topic " Accounts of a share broking firm". It should basically cover how each & every transaction is recorded in the books of a share broking firm, as well as their effects on stock exchange & in the books of a buyer & seller. Also the Balance Sheet of a firm is to be elaborated. Can anybody provide me a material, link on this subject.
What u r asking will not be available on yahoo ans. Accounts of a share broking firm is no different from any other business. It is just income and expenditure and assets and liabilities as always.
For income you have brokerage commission and for expense u can have all the normal expenses of the business. Stock will be stock of shares u have on hand. This is the basic. You may pls contact any share broker with your project and get his help if he is willing. (You need to have an idea of accounts as well as share market to successfully present ur case).
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