Valuation of Closing Stock

This query is : Resolved

Guest

Guest (Querist)

26 September 2008 For Investment company, shares and securities lying in stock, what will be valuation norms as on balance sheet date ?

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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29 September 2008 As per accounting standards ,market value or cost which ever is lower

Guest

Guest (Querist)

30 September 2008 AS-2 Specifically exempt Shares and Securities. So can i valued shares at cost though market value is lower ?

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Guest

Guest (Querist)

07 November 2008 AS ABOVE

Guest

Guest (Querist)

07 November 2008 AS ABOVE

Taranjit Singh

Taranjit Singh (Expert)
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06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

Taranjit Singh

Taranjit Singh (Expert)
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06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.