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Valuation of Closing Stock

This query is : Resolved 
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Guest

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Guest (Querist)
26 September 2008 For Investment company, shares and securities lying in stock, what will be valuation norms as on balance sheet date ?
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
29 September 2008 As per accounting standards ,market value or cost which ever is lower
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30 September 2008 AS-2 Specifically exempt Shares and Securities. So can i valued shares at cost though market value is lower ?
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Guest (Querist)
07 November 2008 AS ABOVE
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Guest

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Guest (Querist)
07 November 2008 AS ABOVE
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Taranjit Singh

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Taranjit Singh (Expert)
06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
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Taranjit Singh

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Taranjit Singh (Expert)
06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
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