in investment a/c's generally if the qn doesnt state the method of valuation of invsmt, should we value in Avg cost or FIFO method..?!
Menu
Investment A/c's,..valuation..?
Replies (6)
as per AS 13- AVG., but if shares held as stock in trade avg or fifo both allowed
fifo method..........
AVG COST AS PER AS 13
AVG COST AS PER AS 13
fifo is better to use..........................
FIFO is easy to use but as per AS 13 average.. you can use both of them which is easy for you
Recent Topic
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
Related Topics
CAclubindia
