Assume the shares were not sold and physical settlement was effected on November 28, which is the…

Assume the shares were not sold and physical settlement was effected on November 28, which is the expiry date. On the expiry the price is quoted at INR945 per share. Pass necessary journal entries for purchase, sales, brokerage paid, and physical settlement. Calculate the profit/loss as of November 21 and November 28.

 

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