23 July 2011
Kindly send advice me on the below:- I am trading in shares. Last year i purchased a share at 100 and revalued the same at 80 during the end of the year since we value closing stock at cost or NRV whichever is less. Now if i sale it in current year, what will be the cost of the share Rs. 100 or Rs. 80? Plz reply asap