Book value of shares

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Shashank Kotak (Querist)
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07 June 2010 Dear all,

What is the method(FIFO/Weighted Avg.) of calculating Book value of Closing stock of Shares held as :
1. Stock in trade
2. Investment.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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07 June 2010 for valuation of closing stock of shares for books of accounts held as

1. Stock in trade - FIFO

2. Investments - Weighted Average as per AS - 13.

Shashank Kotak

Shashank Kotak (Querist)
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07 June 2010 Thank you...

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