Closing stock value

312 views 1 replies

Hello,

one comapny is trading share business. I have not determine closing stock of share..so which value consider at closing stock.. AS-2 and AS-13 not apply..So can I have taken at cost or Mkt.vlaue WEL or at cost OR Mkt Value..and also which method follow ? 

Replies (1)

As there is no accounting standard relating to shares held as stock, however, the both AS-2 and AS-13 says about valuation at lower of cost or net realisable value. So, you can follow them.

In income tax laws, ICDS 8 applies, which also says about the same treatment.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details