Inventory as per CARO includes Shares or not ... Means for an Investment Co. is Second Point of CARO is Applicable???
gurdeep singh (CA Article Assistant ) (60 Points)
16 June 2011Inventory as per CARO includes Shares or not ... Means for an Investment Co. is Second Point of CARO is Applicable???
Arvind Sharma
(ACA)
(1432 Points)
Replied 16 June 2011
yes..., CARO Para 4(ii) concern with Inventories and in case of Stock/Shares held as Stock in trade, the same will be reportable... :)
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