Ritika (STUDENT) (266 Points)
28 April 2012
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 28 April 2012
closing value will be based on the lower of cost or net realisable value.
Ritika
(STUDENT)
(266 Points)
Replied 28 April 2012
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 28 April 2012
closing bal = (total amount of debit side of investment - amount of credit side except closing balance) / (no. of shares in debit side- no. of shares in credit side except closing)
and then multiplied the value by the closing shares. and it is the cost of the closing balance.
it should be less than market value....
lower of market price or cost.!
calculation of closing balance should be based on average basis.
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