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Re: Stock swap Issue

Hi,

 

The other way of doing this is as under :-

 

1) Pass a sale entry for Class A

2) Pass a purchase entry for Class B

3) Route both these transactions through a Dummy Bank Account, as your actual bank accounts will not be hit.

 

In this way your gain / loss entries for Class A can be determined and posted in the books of accounts.

 

Warm regards,

Akhil Poddar


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