23 April 2009
The shares should be valued at FMV. The "Fair Value (FV)" of a company's shares is to be computed by averaging the values obtained by the "Net Asset Value (NAV)" method and the "Profit Earning Capacity Value (PECV)" method.
These computations are to be largely based on audited accounts of the recent past.
23 April 2009
Our Company is not assets management Co. We are trader in shares . our normal business is of trading shares. as per AS2 we need to value Cost or markrt prise which ever is less..... can we value this stock at COST
CAclubindia
