Valuation of shares held as stock in trade
This query is : Resolved
16 September 2016
Dear All,
My question if my clients(Pvt Ltd co, AOP and Individuals) are holding shares as stock in trade and not as investments do I need to apply provisions of AS-2 for year end inventory valuation or AS-2 provisions are not applicable to Shares held as stock in trade?? And also If I choose not to apply provisions of AS-2 are there any violations
My question if my clients(Pvt Ltd co, AOP and Individuals) are holding shares as stock in trade and not as investments do I need to apply provisions of AS-2 for year end inventory valuation or AS-2 provisions are not applicable to Shares held as stock in trade?? And also If I choose not to apply provisions of AS-2 are there any violations
16 September 2016
cost or market price, whichever is LOWER...... use this rule...
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