Dear Friends,
In FY 2011-12 I purchased the shares of Suzlon Energy Ltd. as on-
1. on Apr.25,2011 -500 shares @ Rs. 55
2. on June 25,2011-800 shares @ Rs. 65 each
3. On Dec,31 2011- 1500 shares @ rs. 79 each
On Jan 25,2011 sold 2000 shares @ Rs. 88 each
Considering the above facts please advise on which basis valuation of stock of 800 shares to be made-FIFO or Weighted Avg, is there any guidance note to this effect or any circular issued , pls let me know....
I will be thankful for your advise...
CAclubindia
