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..?!
jitendra chawla
(F.C.A.)
(327 Points)
Replied 01 May 2010
as per AS 13- AVG., but if shares held as stock in trade avg or fifo both allowed
Pradip Narsingani
(Income Tax & GST Consultant/ CA-Final)
(572 Points)
Replied 01 May 2010
FIFO is easy to use but as per AS 13 average.. you can use both of them which is easy for you
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