Actual Question:
What is meant by ledger balance in SBI trading account?
Answer:
Dear Friend!
Thank you very much for considering me fit to seek advice.
Your question is too short and not fleshed with other
contextual material. Still I will try to answer your question to the best
extent and context I have understood.
Usually the various steps involved in executing a trade are
as follows:
- First we transfer funds into the trading account, say Rs.15,000/-, from the linked bank account - for example, in my case the trading account is with Kotak Securities and the linked bank is Kotak Mahindra Bank.
- Now the ledger balance in the trading account is Rs.15,000/- Cr (meaning amount is due to you).
- Now you place an order to buy say 20 shares of Great Eastern Shipping at Rs.433/-. The total value of the order translates into Rs.8660/-.
- Now the ledger balance should show Rs.6,340/- Cr (due to you).
- Let us assume that next you buy 50 shares of Rural Electrification Corporation (REC) at Rs.180/- a piece for a total value of Rs.9000/-.
- Now the ledger balance should show Rs.2,660/- Dr (Due to the Stock Broker Firm).
Please look at the actual trading account ledger balance of Kotak Mahindra Bank for April 2017:
In
conclusion, the trading account ledger balance is the final amount due to or
from an individual after various transactions during a certain period.
I hope I
was able to answer your question adequately.
Thank you,
With Best
Regards
Anand
