28 February 2012
Hi, if 100 shares were purchased in 1995 demated in 2005, & 100 shares were purchased in 1990 demated in 2006, then as per fifo method if in 2010 100 share are sold, which 100 sh. it will be? 2005 or 2006
28 February 2012
Dear friend, Fifo as you know is First in and First Out method. The first lot of shares which is dematerialised will sold first.Thanks
CAclubindia
