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
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details