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..?!
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..?!
as per AS 13- AVG., but if shares held as stock in trade avg or fifo both allowed
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
Vardhaman Group of India
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