Please generalized following transactions in the books of M/s Gamco Broker also discuss the importance of financial assets keeping in view the investment of idle cash availability for short period: (10 Marks)

1. Purchases as a short-term investment 6,000 shares @ Rs. 100 per share

2. Receives a Rs. 3 per share dividend on its 6,000 shares.

3. Sells 1000 shares for @ Rs. 105 per share.

4. Sells 500 shares for @ Rs. 102 per share.

5. Sells another 1000 shares for @ Rs. 98 per share.

6. Sells 500 shares for @ R. 100 per share

7. Sells another 1000 shares for @ Rs. 103 per share.

8. Sells another 500 shares for @ Rs. 95 per share.

9. Sells 500 shares for @ R. 100 per share

10. Record unrealized gain on remaining shares if current price is Rs. 102