Shares held as stock in trade


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 September 2011 is it really important to value the shares held as stock in trade as per fifo basis for determining cost or market value whichever is lower????

13 September 2011 Now a days when shares are held in demat form they are delivered on FIFO basis only and hence valuation of shares should also be on FIFO method.

Valuation should be cost or market value whichever is less though there is no specific accounting standard for that and is taken as current investment as per AS - 13.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 September 2011 sir, please explain in the respect of stock in trade??

14 September 2011 Valuation should be cost or market value whichever is less.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details