Valuation of C/Stock-(Shares)

Bro

AS-2 is NOT applicable in case of shares as stock in trade

as per para 1(c) under Scope of AS, which is read as under,

Scope
1. This Statement should be applied in accounting for inventories other
than:

(a) work in progress arising under construction contracts,
including directly related service contracts (see Accounting
Standard (AS) 7, Accounting for Construction Contracts);

(b) work in progress arising in the ordinary course of business of
service providers;

(c) shares, debentures and other financial instruments held as
stock-in-trade; and

(d) producers’ inventories of livestock, agricultural and forest
products, and mineral oils, ores and gases to the extent that
they are measured at net realisable value in accordance with
well established practices in those industries.

So, anyone could tell me method of valuation of shares as held as Stock-in-Trade

Thanks