Valuation of Shares
This query is : Resolved
18 August 2008
When Shares Are Held As Stock in Trade What Is Valuation Method To be Followed since It is specifically excluded frm AS-2.
18 August 2008
Hello Mr. Nitin,
The Answer of your query:-
In respect of shares, debentures and other securities held as stock-in-trade, the cost of stocks disposed of is determined by applying an appropriate cost formula(e.g. first-in, first-out; average cost, etc.). These cost formulae are the same as those
specified in Accounting Standard (AS) 2, in respect of Valuation of Inventories.
As per AS 13 the valuation of Investment in Share shall be made as per current investment.. According to that the value should be
cost or market value--- lower of both...
The Answer of your query:-
In respect of shares, debentures and other securities held as stock-in-trade, the cost of stocks disposed of is determined by applying an appropriate cost formula(e.g. first-in, first-out; average cost, etc.). These cost formulae are the same as those
specified in Accounting Standard (AS) 2, in respect of Valuation of Inventories.
As per AS 13 the valuation of Investment in Share shall be made as per current investment.. According to that the value should be
cost or market value--- lower of both...
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