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A dealer of shares usually has large number of shares of different companies with him. How does he record those shares: As current investment or inventory (as it is his business) ?


Aman Mahajan

Aman Mahajan

CA Final

19K+

29-Jan-21 07:22

272

Answers (5)

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Kishore Babu

Kishore Babu

CA Inter

8K+

29-Jan-21 08:10

Broker do not own shares.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

29-Jan-21 10:23

CA Suraj Lakhotia Admin

Broker do not own shares.

I know, thatâ??s why I asked for dealers. A stock dealer is a financial professional who buys and sells securities for their account. The term stock dealer doesn't describe just anyone buying and selling securities â?? It only applies to those who do so as a part of their business.


Thread Starter

Aman Mahajan

Aman Mahajan

CA Final

19K+

29-Jan-21 10:43

CA Suraj Lakhotia Admin

Its not relevant in Indian Context.

Meaning there are no stock dealers in India?


Thread Starter

Aman Mahajan

Aman Mahajan

CA Final

19K+

29-Jan-21 16:37

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